Aduro Clean Technologies and Nexgen Polymers sign the memorandum of understanding to collaborate at the HCT demonstration plant

The collaboration will support the logistics of matter of matter of matter of matter of matter of matter of matter of matter of matter of matter of matter of matter of matter of matter of matter

London, Ontario, March 13, 2025 (Globe Newswire) – Aduro Clean Technologies Inc. (“Aduro“Or”Company“) (Nasdaq: Adur) (CSE: ACT) (ESC: 9d5), a clean technology company that uses the power of chemistry to transform lower-value raw materials, such as plastic waste, heavy bitumes and renewable oils, in resources for the 21^Sf The century, today announced the signing of a memorandum of understanding (“mou”) with Nexgen polymers (“Nexgen”). This mou detailing a framework for a proposed collaboration to develop a Hydrochemytic (“HCT”) technology factory, including ensuring the supply of raw materials, the potential selection of the site and the operations of installations to optimize the data generation for future development of configurable commercial solutions.

Nexgen Polymers, a leading supplier and a virgin and recycled polymer broker, brings over 30 years of experience in managing the supply, infrastructure and logistics chain. The company is specialized in ensuring, storing and distributing the polymer raw material through its extended logistics network, which includes storage, rail and truck infrastructure. This partnership will use Nexgen expertise to support the key operating requirements for the Aduro -planned demonstration unit.

Aduro is currently building Next generation process (“NGP”) HCT pilot plant, targeted for commissioning in the 2025 quarter. This pilot factory will serve as a key staircase, generating critical data to support a larger demonstration factory. With the commissioning and successful testing of the pilot plant, ADURO intends to advance to a demonstrative scale, initially designed to process 8,000 toni per year.

Mou and the respective collaboration with Nexgen aligns with Aduro’s strategic objectives, ensuring that his scale program progresses effectively by implementing the long lead elements necessary for the implementation of the demonstrative installation with the construction of its NGP installation. Collaboration is a natural continuation and an ideal match as Aduro goes to the real implementation of its technology and will focus on evaluating critical feasibility factors necessary for the selection of the site, logistics and supply with raw materials, including the data regarding the characterization of materials, volume and costs, establishing the stage for the next phase of the strategy.

Mou consists of three phases on stage. The two and three phases of Mou are injustice and outline a framework for the execution of a potential common association agreement, as well as a proposed collaboration for commissioning and the operations of a demonstrative factory. Technology, including any improvements or changes made during the proposed common company, will remain the exclusive and exclusive property of Aduro. Phase one is mandatory between Aduro and Nexgen and presents activities in which the parties will collaborate with critical feasibility factors that set the basic works for the next demonstrative installation, including:

Brokerage services for the matter of matter of matter matter of matter of matter of matter of matter of matter of matter of matter of matter of matter of matter of matter to ensure the reliable supply of waste polymers. This includes stock management, ensuring raw material agreements, transport planning and storing necessary to maintain constant operations of installations.
Selecting the site, evaluation and preparation of the site -Evaluate the nexgen facilities and identify the appropriate locations for the demonstrative plant. This includes evaluation of infrastructure, utilities, zoning regulations and future expansion potential, as well as ensuring sufficient access to transport and logistics.
Allowing the site, zoning and approval of the buildings – addresses all regulatory and compliance requirements, including approval of zoning, building permits, environmental compliance, operational safety and emissions regulations. This step ensures that the site can legally and efficiently accommodate the demonstrative installation, as well as any future changes.
Preliminary engineering and development of the business model-Definite key design, process and operational parameters of the demonstration installation, while setting a marketing frame for future scaling units. This includes evaluation of the process efficiency, cost structures and potential licensing or implementation models for the wider adoption of the industry.

“Aligned with our strategic objectives, starting work at the demonstrative installation is a critical step in our way for marketing,” said I offer Vicus, CEO of Aduro Clean Technologies. We look forward to working with them while we advance the implementation of our marketing strategy. “

“In Nexgen, we are committed to offering our customers innovative and durable polymers solutions,” said Daniel Peretz, President Nexgen Polymers. “Collaboration with Aduro allows us to explore a next generation technology that can help eliminate the gap between plastic waste and circularity. We look forward to working together to validate its potential on the scale. “

About Aduro Clean Technologies

Aduro Clean Technologies is a developer of patented water -based technologies to chemically recycle waste waste; convert gross and heavy bitumen into more light, more valuable oil; and transform renewable oils into higher value fuels or renewable chemicals. The company’s Hydrocymolytic technology is based on water as a critical agent in a chemistry platform that works at relatively low temperatures and costs, an approach that changes the game that transforms low value raw materials for 21^Sf century.

About nexgen polymers

Nexgen Polymers is a company with over 30 years of experience in intermediation and management of polymer waste at global level. The company offers infrastructure and logistics services, including storage, washing, rail and trucks, as well as potential for industrial operations. The main objectives of Nexgen in this collaboration are to ensure a long-term contract for logistics services, to provide plastic waste raw materials, to rent its industrial site for installation operations and it contributes financially to the site development.

For further information, please contact:

Abe Dyck, the head of business development and investor relationships
[email protected]
+1 226 784 8889

KCSA strategic communications
Jack Perkins, senior vice president
[email protected]

Prospective statements

This news press release contains prospective statements. All statements, other than historical statements that address the activities, events or developments that the company considers, expected or anticipates in the future, are prospective statements. Prospective statements reflect the current management expectations based on the current information currently available and are subject to a number of risks and uncertainties that can make the results differ significantly from those discussed in prospective statements. Prospective statements in this version include, but are not limited to, the construction of its next generation technology process (NGP) Hydrochemolytic (HCT), oriented towards commissioning in Q3 2025; that the pilot factory will serve as a key step for the company, generating critical data to support the transition to a larger demonstration factory; That, with the successful commissioning and testing of the pilot plant, ADURO intends to advance to a demonstration facility, initially designed to process 8,000 tonnes per year; That collaboration is a natural continuation and an ideal match, because the company is going to the real implementation of its technology and its intention to focus on evaluating the critical feasibility factors necessary for the site selection, logistics and supply of raw materials, including data on material characterization, volume and costs, establishing the stage for the next phase of commercial strategy; waiting that Nexgen is a powerful partner, with an extended experience in the industry and the resources needed to support and accelerate this process; that the company will seek to collaborate with Nexgen, because it advances the implementation of its marketing strategy; that collaboration will allow Aduro to explore a future generation technology that can help eliminate the gap between plastic and circularity; And waiting for the company to work with Nexgen to validate its potential on the scale. Although the company considers that the assumptions inherent to prospective statements are reasonable, prospective statements are not guarantees of future performance and, consequently, an undue dependence should not be placed on such statements due to their inherent uncertainty. The important factors that could determine the real results to differ significantly from the company’s expectations include, but are not limited to, side effects of the market, delays in the construction of the NGP HCT pilot plant and potential challenges in commissioning the plant up to T3 2025; Risks related to critical data generation to support the transition to a higher demonstration system and the ability to successfully expand to a demonstration installation to process 8,000 tonnes per year; risks associated with the evaluation of critical feasibility factors for site selection, logistics and supply of raw materials, including data on material characterization, volume and costs; based on the experience and resources in the Nexgen industry to support and accelerate the process; Potential challenges in effective collaboration with Nexgen to advance the implementation of the marketing strategy; and risks related to validating the potential of the next generation technology, including unforeseen technical problems, regulatory obstacles and other factors outside the control of the parties. The company expressly declines any intention or obligation to update or revise any prospective statements, either because of new information, future or otherwise, unless applicable legislation requests.

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