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
§ Scenario Model
Build the thesis yourself
Every engine below is a licensable revenue stream. Toggle them, tune share-of-market and unit economics, and see the implied valuation resolve in real time. Three preset anchors — Beachhead, Standard, Blue Sky — are starting points, not predictions. The URL updates as you tune so you can copy and share the exact scenario, and /trajectory will read it.
PresetP/E Shares (M)
Implied Price
$75
Net Income
$145.9M
Market Cap
$2.92B
Revenue Engines (click to edit)
Total Revenue
$198.8M
Profit contribution
Engines ranked by net profit
$145.9M
HPU
$69.9M
PCO
$29.0M
HRU
$23.3M
BIT
$13.5M
SOUR
$10.2M
HPU — Plastics Upcycling
Pilot
Market share
TAM: 400M tons/yr · OECD 2022: 353M t in 2019. HCT targets 70-75% (~280M+ t) that mech. recycling and pyrolysis reject.
0.20%
Product sale price ($/ton)
$1600
Royalty %
8%
Yield %
91%
Net margin
75%
HPU Output
Volume processed
0.80M
tons/yr
Revenue
$93.2M
Net profit
$69.9M
Plant equivalents
~32 plants
@ 25,000 tons/yr each
URL is live — copy the address bar to share this exact scenario. Used by /trajectory to drive phase prices.