In this news release, the forward-looking statements include, but are not limited to, the anticipated design and fabrication of the HCT Pilot Plan through the engagement of Zeton; the expectation that the design and development of the HCT Pilot Plant will demonstrate Aduro’s modular, scalable solutions for converting waste plastics into valuable chemicals; that the design and development of the HCT Pilot Plant will strengthen Aduro’s pathway to full commercialization; that the design for the HCT Pilot Plant will be completed prior to the end of 2024; that the commissioning for the construction of the HCT Pilot Plant will occur in Q3 of 2025; that site preparation, training, materials handling and related activities for development of the HCT Pilot Plant will occur on the same timeline; that the development of the HCT Pilot Plant will allow scaling of the Company’s technology towards full commercialization; that the design and development of the plant will build upon the Company’s years of intensive research aimed to optimize the requirements of the technology at a commercial scale; that the plant will be designed with modularity and scalability, enabling demonstration of adaptable processing approaches for a wide range of feedstock types, making it suitable to project specific needs across diverse customer applications; that the plant’s flexibility will be valuable for Aduro’s existing and prospective collaborators who are exploring advanced recycling and feedstock processing solutions; that the engagement of Zeton will add significant engineering capabilities and allow the Company to accomplish its goals; that the HCT Pilot Plant will serve as a key platform for validating the technology in real-world conditions; that the plant will advance the Company closer to the design and construction of a commercial scale plant; that the project will lead to deeper collaboration with potential strategic partners and leaders in the plastics industry and position the Company for long term value creation; that Zeton’s engagement will advance the Company’s technology closer to commercialization and align with its vision to provide sustainable and impactful technology that addresses global environmental challenges.
Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, that there may be unanticipated challenges in the design and fabrication of the HCT Pilot Plan; that Zeton may be unable to complete the engagement for various reasons; that Aduro may lack funds to complete the HCT Pilot Plant and be unable to raise sufficient financing on satisfactory terms or at all to complete the project; that the design and development of the HCT Pilot Plant may fail to demonstrate the efficacy of Aduro’s technology for converting waste plastics into valuable chemicals; that the design and development of the HCT Pilot Plant may fail to strengthen Aduro’s path to full commercialization; that the design for the HCT Pilot Plant may not be completed on time or at all for various reasons; that the construction of the HCT Pilot Plant may not proceed as anticipated or at all for various reasons; that site preparation, training, materials handling and related activities for development for the project may fail to occur in a timely manner or at all for various reasons; that the Company’s technology may fail to be commercialized for various reasons, including the development of competing technologies, failure to gain market share or various other reasons; the plant may lack the anticipated characteristics for successful commercialization across diverse customer applications; that Aduro’s existing and prospective collaborators may choose alternative recycling and feedstock processing solutions; that Zeton’s engagement may not provide the engineering capabilities to Aduro as anticipated or may otherwise fail to allow the Company to accomplish its goals; that the HCT Pilot Plant may fail to validate the Company’s technology in real-world conditions and the design and construction of a commercial scale plant may never be achieved; that the project may fail to establish deeper relationships with potential strategic partners and leaders in the plastics industry or position the Company for long term value creation; that the Company’s project may fail to manifest as a sustainable and impactful technology that addresses global environmental challenges; and that the Company’s project may fail for various other reasons, including adverse market conditions and/or other factors beyond the control of the parties.
Milestone Project to Demonstrate Aduro’s Modular, Scalable Solution for Converting Waste Plastics into Valuable Chemicals, Strengthening Path to Full CommercializationLONDON, Ontario, Nov.19, 2024 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc.("Aduro” or the "Company”) (NASDAQ: ADUR) (CSE: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, is pleased to announce its engagement of Zeton Inc.("Zeton”) Zeton is a globally recognized leader in the design and fabrication of pilot plants, demonstration plants, and small-scale commercial units.
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Author / Journalist: Aduro Clean Technologies Inc.
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