21:36:25 EDT Wed 17 Jun 2026
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Aduro Clean Technologies Inc (2)
Symbol ACT
Shares Issued 33,834,392
Close 2026-06-17 C$ 20.75
Market Cap C$ 702,063,634
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Aduro Clean Tech signs no-deal deal with Dutch group

2026-06-17 17:41 ET - News Release

Mr. Ofer Vicus reports

ADURO CLEAN TECHNOLOGIES EUROPE SIGNS MOU WITH ORTESSA GROEP BV TO ADVANCE FOAK PLANT FEEDSTOCK LOGISTICS

Aduro Clean Technologies Inc.'s Aduro Clean Technologies Europe BV (ACTE), the company's European subsidiary, has signed a non-binding memorandum of understanding (MOU) with Ortessa Groep BV, a Dutch group of enterprising waste companies, to evaluate the development of a feedstock logistics centre to support Aduro's first-of-a-kind (FOAK) industrial site at Chemelot Industrial Park in Sittard-Geleen, the Netherlands.

Aduro's FOAK project advances the company's chemical recycling scale-up pathway for waste plastics by moving Hydrochemolytic technology (HCT) toward industrial implementation. To support this goal, Aduro is developing an industrial-scale site where civil works, utilities and site infrastructure are being planned with expansion readiness in mind from the outset, preserving flexibility for future growth as the company advances its broader scale-up pathway.

Ortessa brings extensive experience in waste collection, management, processing and valorization through its group of operating companies. The potential collaboration with Ortessa is intended to support secure, reliable, and efficient storage and delivery of suitable, specification-ready postuse feedstock. ACTE and Ortessa will evaluate a feedstock preparation and logistics pathway, including the potential use of one or more Ortessa sites to host and manage suitable postuse feedstock for the Chemelot project. This work may include the identification and aggregation of suitable postuse feedstock streams, assessment of cleaning, drying, agglomeration, or other pretreatment requirements and development of the inventory management, quality-control, documentation, material coding, storage, hosting and logistics systems needed to support reliable feedstock supply for start-up, operation and future expansion.

"Feedstock logistics and support are key components of FOAK project execution and its future growth," said Ofer Vicus, chief executive officer of Aduro. "As we advance the FOAK project at Chemelot, we are working across the practical work streams required to support industrial deployment, including site development, permitting, project execution, off-take and feedstock logistics."

"Ortessa is focused on improving the way waste streams are managed and returned to productive use," said Rob van Gansewinkel, CEO of Ortessa. "This collaboration with Aduro provides an opportunity to apply our experience in waste collection, processing and material valorization to support a new industrial pathway for postuse plastics."

The MOU is intended to express the parties' current intentions and does not create a binding obligation to proceed with any transaction, supply arrangement, service arrangement, capital expenditure, or definitive agreement. Commercial arrangements and definitive agreements are expected to be developed as the collaboration progresses.

About Ortessa Groep BV

Ortessa Groep BV is a Dutch group of enterprising waste companies active in waste collection, management, processing, valorization and infraworks. Ortessa operates a network of sites across the Netherlands, Germany and Belgium. Through its operating companies, Ortessa works with companies, producers, municipalities, recyclers and collectors to improve waste management and create value from materials that would otherwise be treated as residual products.

About Aduro Clean Technologies Inc.

Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The company's Hydrochemolytic technology relies on water as a critical agent in a chemistry platform that operates at relatively low temperatures and cost.

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