NASDAQ · ADUR · Investment Dossier

A new chemistry for the hydrocarbon economy.

Aduro Clean Technologies uses an aqueous platform — water as the reaction medium, a renewable hydrogen-donor, and a simple metal catalyst — to selectively cut hydrocarbon chains at moderate temperature. No external H₂ gas. No brute-force thermal cracking. One platform, thirteen market verticals, no direct competitor. This hub is the full investment case: the science, the moat, the markets, a live scenario model, and the milestones between here and commercialization.

Share Price
$11.58
Pre-revenue · Pilot stage
Market Cap
~$450M
Fully diluted · 38.9M shares
Cash (Q3 FY26)
C$39.4M
Zero debt · ~2.5 yr runway
Scenario Price
$84
6 engines · live model
Now · Phase I
Validation
2024–2027 · Pilot + FOAK
Phase II
Early Adoption
2027–2030 · 5–10 plants
Phase III
Acceleration
2030–2035 · 10–50 plants
Phase IV
Platform Standard
2035+ · 50–200+ plants
H₂O · reaction mediumMM · metal catalystCOCH₃OH · H-donor01 · FEEDSTOCK + H-DONOR IN AQUEOUS MEDIUMWater transfers heat & transports co-agents240–390 °C<2% char · no H₂
240–390°C
Temperature
C5–C20
Output Range
<2%
Char Waste
98%+
Purity
§ Markets
Thirteen verticals, one platform
Treemap sized by estimated annual market volume (bbl-to-ton normalized for visual parity). Hover any cell for the thesis specific to that vertical, click to open the full dossier.
Paraffinic Crude
Bench
7.9B bbl
Heavy/Sour Crude
Bench
4.0B bbl
Refinery Bottom
Disclosed
3.0B bbl
Mixed Plastics
Pilot
400 t
Extra-Heavy Bitumen
Bench
1.6B bbl
HRU
TCD
PU
AGRI
Area ∝ estimated annual market volume. Bbl units visually normalized for mass-equivalent scale.◉ Click any cell for full vertical dossier →
Vertical Detail
Hover a vertical to explore. The six colored cells at stages Pilot/Bench/Lab represent the initial addressable markets; Proxy/Disclosed/Testing are adjacent verticals already demonstrated or in active evaluation.
Validation Stage Legend
Pilot
Bench
Lab
Disclosed
Proxy
Testing