Aduro Clean Technologies and Prospera Energy Advance Collaboration on Pilot Plant Project for Partial Upgrading of Bitumen

Highlights:

• Aduro Clean Technologies Inc. announces progress in collaboration with Prospera Energy Inc. to develop a precommercial pilot plant using Aduro’s Hydrochemolytic technology (HCT) to convert low API bitumen into higher value products.
• The collaboration involves a three-phase project engagement plan, with Phase 1 including laboratory and continuous flow work using Prospera bitumen and Aduro’s HCT process. The commissioning of the pilot-scale continuous flow reactor for HBU is planned for Q3 2023.
• Phase 1 aims to be completed by December 2023 and will include comprehensive testing of 6 barrels of low API crude from Prospera’s heavy oil properties. Prospera will pay Aduro a monthly fee of $25,000 CAD for Phase 1 services, capped at $125,000 CAD.
• The collaboration aims to enhance hydrocarbon recovery, prioritize environmental sustainability, and drive innovation in the energy industry. It will establish a robust business model, evaluate technical and economic viability, and pave the way for commercializing Aduro’s innovative solution.
• Both companies emphasize the potential transformative impact of the technology on their operations and express commitment to leveraging this opportunity to the fullest.