Aduro Clean Technologies Says Unit Signs MOU With Ortessa Groep BV To Advance FOAK Plant Feedstock Logistics
Aduro Clean Technologies' (ACT.TO) European unit Aduro Clean Technologies Europe BV (ACTE), 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 center to support Aduro's first-of-a-kind (FOAK) industrial site at Chemelot Industrial Park in Sittard-Geleen, the Netherlands, it said Wednesday.The FOAK project advances its chemical recycling scale-up pathway for waste plastics by moving Hydrochemolytic Technology (HCT) toward industrial implementation. 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.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 post-use feedstock for the Chemelot project, it said.Shares of Aduro Clean Technologies closed down 1.1% to $20.41 on Tuesday on the Toronto Stock Exchange.