Aduro Clean Technologies

Aduro Clean Technologies shares rose about 4% after the company announced a memorandum of understanding with AstroTurf to assess its hydrochemolytic technology for recycling end-of-life artificial turf. The aim is to recover polyethylene and polypropylene fractions and convert them into liquid hydrocarbons as a circular feedstock for petrochemical infrastructure. Earlier lab tests showed selective conversion of the PE/PP components; the agreement is non-binding and foresees further steps for recovery, purification and technology evaluation. Aduro stresses that the collaboration will help it better understand end-of-life challenges. » Altro su de.investing.com

Aduro Clean Technologies sold 431,884 common shares in a LIFE private placement at CAD 21.20 each, raising gross proceeds of CAD 9,155,940.80. Net proceeds are to be used for technology development, commercialization, working capital and general corporate purposes. The company paid broker commissions of CAD 539,994.53, certain insiders participated, and the Toronto Stock Exchange granted conditional approval. » Altro su finanzen.net

Aduro Clean Technologies Europe has signed a non-binding memorandum of understanding with Ortessa Groep to explore developing a feedstock logistics centre to supply the first-of-a-kind (FOAK) hydrochemolytic plant at the Chemelot industrial park. The partners will jointly evaluate storage, processing, quality control and logistics of suitable post-use feedstocks, including potential use of Ortessa sites in the Netherlands, Germany and Belgium. The MOU is non-binding; specific commercial agreements and final contracts are to be negotiated further. » Altro su finanzen.net