Aduro Signs MOU with Ortessa for FOAK Plant Feedstock Logistics

Key Highlights

• Aduro's European subsidiary, ACTE, signed a non-binding Memorandum of Understanding (MOU) with Ortessa Groep BV.
• The MOU aims to evaluate the development of a feedstock logistics center for Aduro's first-of-a-kind (FOAK) industrial site.
• The FOAK plant is located at Chemelot Industrial Park in Sittard-Geleen, the Netherlands.
• Ortessa will support secure, reliable, and efficient storage and delivery of suitable post-use feedstock.
• The collaboration is critical for advancing Aduro's chemical recycling scale-up pathway for waste plastics.
• The MOU is non-binding, with commercial arrangements and definitive agreements expected to be developed later.