Aduro Clean Technologies Joins Delegation at Intergovernmental Negotiating Committee on Plastic Pollution (INC-4)
24 Aprile 2024 - 1:00PM
Aduro Clean Technologies Inc.
(“
Aduro” or the “
Company”) (CSE:
ACT) (OTCQX:
ACTHF) (FSE:
9D50), a Canadian technology company using the
power of chemistry to transform lower value feedstocks, like waste
plastics, heavy bitumen, and renewable oils, into resources for the
21st century, is joining a delegation of observers from civil
society, environmental groups, academics and business at the fourth
meeting of the
Intergovernmental Negotiating Committee on
Plastic Pollution (INC-4) in Ottawa,
Ontario, Canada from April 23rd to 29th, 2024.
INC-4 welcomes over 4,200 delegates, including
1,400 government members and 2,800 observers, who will discuss a
draft treaty prepared after the third meeting of the INC. This
draft serves as a basis for negotiations, aiming to finalize an
agreement that encompasses various aspects of plastic management
such as design, waste management, extended producer responsibility,
and capacity building, especially for developing countries. The
treaty hopes to promote a circular economy for plastics,
emphasizing recycling and reusability to prevent plastics from
polluting the environment while retaining their beneficial
properties.
Abe Dyck, Head of Corporate Development at Aduro
is attending the event and will hold one-on-one discussions with
industry delegates to promote its Hydrochemolytic™ technology
(HCT), an advanced chemical recycling technology. HCT efficiently
breaks down complex waste streams into valuable chemicals, doing so
in an environmentally responsible manner that significantly reduces
both energy use and waste generation. The technology is
particularly suited to handling types of waste plastics
traditionally considered non-recyclable, addressing a key topic at
the event.
These historic negotiations at the INC-4 come at
a critical juncture for both the world and the Company. The public
and their representative governments are demanding real action from
plastic producers to improve how plastics are made, used, and
managed. This global attention, supported by the backing of the
United Nations, the private sector, and financial institutions,
bodes well for companies like Aduro. With its technology platform
at the forefront of innovation, Aduro is addressing many of the
critical issues that contribute to today's low recycling rates for
plastic waste.
Aduro is aligned with INC-4’s mission to forge a
sustainable path for plastic waste management. The Company
advocates for an agreement that not only aims to end plastic
pollution but also enables the continued beneficial use of
plastics. This includes a commitment to providing essential waste
management services to the roughly 3 billion people currently
lacking these facilities, directly addressing one of the primary
drivers of pollution.
Key Objectives at INC-4
- Promote Circular
Economy: Aduro supports the target to increase circular
practices that include the thoughtful design of products to
facilitate their reuse and recycling and implementing innovative
technologies to repurpose these materials into new products.
- Advocate for Supportive
Policies: Aduro supports the development of action plans
and policies such as Extended Producer Responsibility (EPR), which
can be essential for advancing effective recycling solutions
tailored to each country's needs.
- Foster International
Collaboration: Aduro is dedicated to collaborating with
industry and government to encourage the integration of chemical
recycling in national frameworks.
The agreement champions a technology-neutral
approach that bolsters various recycling methods, including an
emphasis on incentivizing the demand for recycled plastics through
national action plans. And encourages greater investment in
innovative technologies including chemical recycling, a key
alternative to landfilling or incinerating non-mechanically
recyclable plastics such as medical waste. This integrated approach
aims to expand recycling capabilities and drive economic benefits
across the community.
“Our participation at INC-4 is a fantastic
opportunity to add to the conversation on advanced chemical
recycling and to highlight its vital role in achieving a
sustainable circular economy,” said Ofer Vicus, CEO of Aduro Clean
Technologies. “We are excited to share our insights and the
advancements we have made with Hydrochemolytic™ technology. We
believe it can play a significant role in recovering more of the
waste plastic currently ending up in the environment while
supporting the INC-4 objectives.”
About INC
The Intergovernmental Negotiating Committee
(INC) was established as a result of a unanimous decision by all
193 member states during the Fifth United Nations Environment
Assembly (UNEA-5) in February/March 2022. Tasked with a pivotal
mission, the INC is dedicated to developing a legally binding
global instrument on plastic pollution by 2024. This initiative
came to life following the historic UNEA Resolution 5/14, titled
"End Plastic Pollution: Towards an International Legally Binding
Instrument," which marked a significant advancement in global
environmental governance.
About Aduro Clean
Technologies
Aduro Clean Technologies is a developer of
patented water-based technologies to chemically recycle waste
plastics; convert heavy crude and bitumen into lighter, more
valuable oil; and transform renewable oils into higher-value fuels
or renewable chemicals. The Company’s Hydrochemolytic™ technology
relies on water as a critical agent in a chemistry platform that
operates at relatively low temperatures and cost, a game-changing
approach that converts low-value feedstocks into resources for the
21st century.
For further information, please
contact:
Ofer Vicus, CEOovicus@adurocleantech.com
Abe Dyck, Investor Relationsir@adurocleantech.com+1 226 784
8889
ArrowheadThomas Renaud, Managing
Directorenquire@arrowheadbid.com+1 212 619 6889
Forward-Looking Statements
This news release contains forward-looking
statements. All statements, other than statements of historical
fact that address activities, events, or developments that the
Company believes, expects, or anticipates will or may occur in the
future, are forward-looking statements. The forward-looking
statements reflect management’s current expectations based on
information currently available and are subject to a number of
risks and uncertainties that may cause outcomes to differ
materially from those discussed in the forward-looking statements.
Although the Company believes that the assumptions inherent in the
forward-looking statements are reasonable, forward-looking
statements are not guarantees of future performance, and,
accordingly, undue reliance should not be put on such statements
due to their inherent uncertainty. Important factors that could
cause actual results to differ materially from the Company’s
expectations include adverse market conditions and other factors
beyond the control of the parties. The Company expressly disclaims
any intention or obligation to update or revise any forward-looking
statements whether because of new information, future events, or
otherwise, except as required by applicable law.
The CSE has not reviewed, approved, or disapproved the content
of this news release.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/80a9a06a-38ca-47e1-8e7f-6ee850d01f02
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