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GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0% GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0%
Other

Aduro Signs Offtake LOI for Hydrochemolytic(TM) Oil with Pilot-to-FOAK Validation Program

By The Northwire Desk — AI Analysis Mar 12, 2026 · 08:00 ACT · 15.53 Aduro Clean Technologies Inc.
ACT · Price

Executive Summary

  • Aduro Clean Technologies signed a non‑binding Letter of Intent (LOI) with a leading international commodities trading company to evaluate and potentially purchase Hydrochemolytic™ oil produced at its upcoming FOAK industrial plant in the Netherlands.
  • The LOI outlines a two‑phase Pilot‑to‑FOAK validation program, including sample testing (Phase 1) and a committed purchase of the initial production parcel from the FOAK plant (Phase 2).
  • The agreement provides a structured commercial pathway for Aduro’s circular hydrocarbon product, supporting market entry amid growing regulatory demand for certified recycled feedstocks.

Key Details

  • Parties: Aduro Clean Technologies Inc. and an unnamed leading independent international commodities trading company.
  • LOI Scope: Non‑binding framework to evaluate Hydrochemolytic™ oil; includes a committed off‑take of the initial production parcel from the FOAK plant.
  • Phase 1 – Technical Validation:
  • Aduro will supply samples from its Next Generation Process (NGP) Pilot Plant for product characterization (contaminant profiling, boiling range distribution, downstream upgrading compatibility).
  • Testing conducted primarily by Aduro with technical and commercial input from the trading partner.
  • Phase 2 – Commercial Validation:
  • Upon commissioning of the FOAK Industrial Plant at Chemelot Industrial Park, Geleen, Netherlands, the trading company will purchase the first production parcel of Hydrochemolytic™ oil.
  • Purchase intended to support downstream customer qualification, market development, and demonstration of industrial‑scale reliability.
  • Future Outlook: Parties intend to negotiate a longer‑term commercial framework aligned with full FOAK production capacity after the initial parcel is delivered.
  • Exclusivity: The LOI is non‑exclusive; Aduro may engage additional off‑take partners as production scales.
  • Regulatory Context: EU Packaging and Packaging Waste Regulation (PPWR) driving demand for certified circular hydrocarbon feedstocks; anticipated growth of global chemical recycling market (~USD 15.5 bn in 2024, CAGR ≈ 9.8% to 2030).
  • Technology Highlights: Hydrochemolytic™ converts polyolefin waste into low‑olefin, low‑heteroatom hydrocarbon suitable for conventional petrochemical upgrading and steam cracking; pilot‑scale steam cracking tests have shown stable performance.

Notable Quotes

  • “This LOI brings together two important elements for us, technical validation and an initial commercial framework,” said Eric Appelman, Chief Revenue Officer, Aduro.
  • “Securing a structured off‑take commitment at the FOAK stage reflects our effort to align technology validation and market demand,” said Ofer Vicus, Chief Executive Officer, Aduro.
Read the original news release →

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