Aduro Clean Technologies (NASDAQ:ADUR), a pioneer in water-based chemical recycling, announced its interim financial results for the second quarter of fiscal 2026 on Thursday.
The update was headlined by a series of technical milestones that bring its "Hydrochemolytic™" technology closer to global commercial adoption and a significantly bolstered cash position.
The company reported second-quarter revenue of $122,706, primarily generated through customer engagement programs (CEPs) where global energy and plastic majors evaluate Aduro's technology.
While the company recorded a year-to-date net loss of $12.79 million—consistent with its heavy investment in research and engineering—its balance sheet received a transformative boost following the quarter's close.
In December 2025, Aduro completed a U.S. public offering raising gross proceeds of approximately $20 million, earmarked specifically for the construction of its first demonstration-scale plant.
Operationally, the quarter was defined by the successful pilot-scale steam-cracking of Aduro’s plastic-derived Hydrochemolytic™ oil.
The trials, conducted at an independent facility in Europe, confirmed that the oil can be processed into ethylene and propylene—the building blocks of new plastics—with yields comparable to traditional fossil-based naphtha.
Crucially, the Aduro-produced oil required no hydrotreatment or dilution before cracking, a major competitive advantage over traditional pyrolysis oils which often require expensive pre-treatment to remove contaminants.
This "cracker-ready" status significantly reduces the capital intensity for petrochemical partners looking to integrate circular feedstocks.
Aduro is now moving from pilot validation to demonstration scale.
The company has signed a non-binding Letter of Intent (LOI) to acquire an industrial brownfield site in the Netherlands for €2 million.
The site is expected to host the company's first Demonstration Plant, with a roadmap targeting operational readiness by early 2027.