Aduro Clean Technologies Signs Non-Binding LOI for Demonstration Plant Site in Europe

Executive Summary

• Aduro Clean Technologies’ subsidiary signed a non‑binding €2 million Letter of Intent to acquire land, buildings and equipment at a brownfield industrial site in the Netherlands for its upcoming Demonstration Plant.
• The LOI includes a €33,782 non‑refundable exclusivity fee; due‑diligence runs through 15 Jan 2026 with a targeted closing on or before 28 Feb 2026 and final site decision by Jan 2026.
• The brownfield location is expected to reduce execution risk, capital intensity and permitting timelines, supporting Demonstration Plant readiness for early 2027 and offering future expansion capacity of up to ~25,000 tpa.

Key Details

• Purchase Price: €2 million (non‑binding) for land, buildings and equipment.
• Exclusivity Fee: €33,782 payable to the vendor for exclusive use during due‑diligence period.
• Due‑Diligence Period: Until 15 January 2026; targeted transaction close on or before 28 February 2026, subject to customary approvals and conditions.
• Site Advantages: Existing industrial infrastructure (power, natural gas, water, wastewater), established utilities, reduced permitting/zoning risk, lower capital outlay.
• Project Timeline: Final site‑selection decision by January 2026; Demonstration Plant readiness targeted for early 2027.
• Future Expansion Option: Potential to scale the same site to ~25,000 tonnes per annum (tpa) commercial capacity.
• Strategic Fit: Proximity to feedstock sources and EU liquid steam crackers; aligns with EU Packaging & Packaging Waste Regulation (PPWR) circularity goals.
• Company Statement – CEO Ofer Vicus: Emphasized the LOI as a critical step from pilot to demonstration, highlighting disciplined site evaluation and risk mitigation.
• Company Statement – CRO Eric Appelman: Highlighted Europe’s strong chemical ecosystem and partner/off‑taker opportunities that support commercial adoption of Hydrochemolytic™ technology.

Notable Quotes

“The LOI represents another important step on the path from pilot to demonstration and ultimately to commercialization,” — Ofer Vicus, CEO
“Europe offers a unique opportunity to strengthen collaboration across the value chain,” — Eric Appelman, Chief Revenue Officer