In the ever-pressing matter of managing post-consumer plastic waste, one company is leading the charge to change the game completely. Enter Aduro Clean Technologies, an innovator that’s stepping away from traditional means to tackle this ubiquitous issue.
Aduro has developed a revolutionary chemical conversion method that doesn’t just recycle plastic waste, but it ‘upcycles’ it. The process takes this waste and converts it into valuable feedstocks, ready to be used in the creation of new plastics or as fuel for transportation. It’s a giant leap from the traditional recycling methods that have only been able to manage a minuscule portion of global plastic waste. Aduro’s strategy gives us the capacity to address almost 90% of the problem that previously remained untouched.
Bolstered by its unique patented technology platform, Aduro’s revolutionary approach has the potential to serve a wide range of market applications, reaching markets that are estimated to be worth over $250 billion. The company’s method is not just innovative; it also guarantees outstanding environmental and economic performance.
Aduro has established successful international collaborations, including a partnership with Brightlands Chemelot Campus, and is working with Shell GameChanger to take its Hydrochemolytic™ (HCT) technology to commercial heights. Thanks to the process’s flexibility, simplicity, and scalability, it can be effectively implemented in a multitude of scenarios. The added bonus? It helps decrease our dependency on petroleum while significantly reducing the environmental impact of waste materials.
Today, Aduro is engaging with potential customers in seven different countries, including numerous Fortune 500 companies. The company is keen on broadening its technological reach, nurturing valuable partnerships with industry frontrunners, and paving the way for a robust pipeline of commercial projects. With its bitumen unit and enhanced lab facilities set to become operational by Q3 2023, Aduro is on track to experience substantial revenue growth, aiming for an annual recurring revenue of over $90M and EBITDA margins exceeding 80% in the next five years.
But Aduro’s innovation isn’t just limited to plastic waste. Its groundbreaking Hydrochemolytic™ technology is also making waves in other sectors. For instance, it’s turning heavy crude oil and bitumen into lighter, transport-friendly alternatives. The technology can also convert renewable oils into bio-jet fuel, drop-in diesel, and renewable specialty chemicals, reducing reliance on traditional petroleum-derived feedstocks.
Aduro Clean Technologies, a brainchild of W. Marcus Trygstad and Ofer Vicus, was founded in 2012. It is a Canadian enterprise, located in Sarnia, Ontario, with a dedicated technology and process development team at Western University in London, Ontario. The company is driven by a mission to design and implement sustainable chemical conversion solutions that are safe and beneficial for society, the environment, and its clients. Aduro is all set to take bold strides in refining and commercializing these solutions, ready to tackle waste and energy challenges faced by industries and municipalities globally.
