Aduro Clean Technologies Europe signs MOU with Ortessa Groep to optimize feedstock logistics for FOAK plant

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Summary · why it matters

Aduro Clean Technologies Europe BV has signed a non-binding memorandum of understanding with Dutch waste management group Ortessa Groep BV to explore establishing a feedstock logistics hub for Aduro's first-of-a-kind industrial plant at the Chemelot industrial park in Sittard-Geleen, Netherlands. The collaboration aims to ensure safe, reliable, and efficient storage and delivery of post-consumer feedstock for the FOAK project, which advances Aduro's chemical recycling strategy using its Hydrochemolytic™ technology. Ortessa brings extensive experience in waste collection, management, processing, and valorization, and the parties will evaluate feedstock preparation and logistics strategies, potentially using one or more Ortessa sites to handle materials for the Chemelot project. This MOU builds on previously announced FOAK milestones including site selection, permitting, a letter of intent for offtake, and project management appointments, and addresses a critical workstream for the project's progression toward industrial implementation. The agreement is non-binding and does not create any obligation to enter into a definitive transaction or supply agreement.

Impact on assets 2

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Aduro Clean Technologies Europe BVi
Private▲ PositiveSupplyrelevance

MOU with Ortessa to optimize feedstock logistics for FOAK plant, advancing chemical recycling strategy

Ortessa Groep BVi
Private± Mixedrelevance