Aduro Clean signs LOI for Netherlands demo plant site

Executive Summary

• Aduro Clean Technologies Europe B.V. has signed a non-binding Letter of Intent (LOI) to purchase a brownfield industrial site in the Netherlands for €2 million, intended to host the company's next-generation demonstration plant.
• The transaction includes a non-refundable due diligence fee of €33,782 and is subject to customary conditions, with a targeted close by February 28, 2026.
• The site offers strategic advantages including existing infrastructure, proximity to feedstock and liquid steam crackers, and potential for future expansion up to 25,000 tonnes per annum.

Key Details

• Transaction Structure: Non-binding LOI for the purchase of land, buildings, and equipment associated with a brownfield industrial site.
• Purchase Price: €2,000,000.
• Due Diligence Fee: €33,782 (non-refundable) for exclusive use of the property during the diligence period.
• Timeline:
  • Diligence period ends: January 15, 2026.
  • Final site selection decision: January 2026.
  • Targeted closing: On or before February 28, 2026.
  • Demonstration plant readiness: Targeted for early 2027.
• Site Specifications:
  • Location: Netherlands (brownfield industrial site).
  • Infrastructure: Existing industrial building, established utilities (power, natural gas, water, wastewater), and existing equipment.
  • Future Expansion: Potential to expand to commercial scale of up to ~25,000 tonnes per annum on the same site.
• Strategic Rationale:
  • Reduces execution risk and capital intensity by leveraging existing infrastructure.
  • Proximity to feedstock and liquid steam crackers.
  • Alignment with European Union Packaging and Packaging Waste Regulation (PPWR) circularity objectives.
  • Access to a mature circular plastics ecosystem and skilled labor.
• Context: Part of a global site-selection process announced in October 2025, focusing on Canada, Europe, and Mexico. Other locations are being evaluated in parallel.

Notable Quotes

• "The LOI represents another important step on the path from pilot to demonstration and ultimately to commercialization... This structured approach reduces execution risk and maintains focus on process integration, performance validation and customer engagement." — Ofer Vicus, CEO
• "Europe offers a unique opportunity to strengthen collaboration across the value chain... Establishing a demonstration plant in the Netherlands will help validate performance at scale and accelerate the conversations that translate technical success into commercial adoption." — Eric Appelman, Chief Revenue Officer