Aduro Clean Technologies Appoints Marie Grönborg to Board of Directors
November 08 2023 - 6:00AM
Aduro Clean Technologies Inc.
(“
Aduro” or the “
Company”) (CSE:
ACT) (OTCQX:
ACTHF) (FSE:
9D50), a Canadian developer of patented
water-based technologies to chemically recycle plastics, and to
transform heavy crude and renewable oils into feedstocks and
higher-value fuels, is pleased to announce the appointment of Marie
Grönborg as a director of the Company.
Marie Grönborg holds an M.Sc. in Chemical
Engineering and has almost 30 years of global experience in the
chemical and clean-tech industries. Ms. Grönborg was the CEO of the
Swedish-based company TreeToTextile, a tex-tech company
headquartered in Stockholm, jointly owned by H&M, Stora Enso,
IKEA and LSCS Invest, which has developed a new sustainable and
cost-efficient technology to produce manmade cellulosic fiber for
the textile industry. Before joining TreeToTextile, Ms. Grönborg
was the CEO of Purac, a provider of turn-key solutions for water
treatment and biogas production. Ms. Grönborg was also an Executive
Vice President and a part of the Group Management Team of Perstorp,
a specialty chemicals company with a focus on the global resins and
coatings, engineered fluids and animal nutrition markets.
In addition to her operational roles, Ms.
Grönborg currently holds board positions with the Swedish steel
company, SSAB, the producer of the world´s first fossil-free steel
to customers, with Permascand, a provider of electrochemical
solutions for global green transition and with Eolus, an
international company with a main business to design and construct
facilities for renewable energy and energy storage, focusing mainly
on wind power, solar power and battery storage.
“I am very excited about the opportunity to join
Aduro as a director of the board and genuinely look forward to
contributing to realizing the potential of Aduro and its
groundbreaking Hydrochemolytic technology,” commented Ms. Grönborg.
“It's a privilege to be part of a journey focusing on bringing new
solutions to improve sustainability and enable circular economy in
the chemical industry, which is where I have my roots.”
"We are excited to welcome Marie Grönborg to
Aduro's board. Her extensive experience in the chemical and
clean-tech industries makes her an invaluable addition,” said Ofer
Vicus, CEO of Aduro. “We look forward to working with her as our
company continues to evolve and to advance our Hydrochemolytic™
technology."
Ms. Grönborg replaces Chris Parr, who has
resigned as a director of the Company. The Company thanks Mr. Parr
for his services as a director, including his leadership in the
acquisition of Aduro Energy Inc. completed in 2021. Despite his
resignation from the board, Mr. Parr has agreed to continue as a
consultant to the Company, providing corporate advisory, corporate
finance, and related advisory services, as required.
About Aduro Clean
Technologies
Aduro Clean Technologies is a developer of
patented water-based technologies to chemically recycle waste
plastics; convert heavy crude and bitumen into lighter, more
valuable oil; and transform renewable oils into higher-value fuels
or renewable chemicals. The Company’s Hydrochemolytic™ technology
relies on water as a critical agent in a chemistry platform that
operates at relatively low temperatures and cost, a game-changing
approach that converts low-value feedstocks into resources for the
21st century.
For further information, please
contact:
Ofer Vicus, CEOovicus@adurocleantech.com
Abe Dyck, Investor Relationsir@adurocleantech.com+1 604 362
7011
ArrowheadThomas Renaud, Managing
Directorenquire@arrowheadbid.com+1 212 619 6889
Forward-Looking Statements
This news release contains forward-looking
statements. All statements, other than statements of historical
fact that address activities, events, or developments that the
Company believes, expects or anticipates will or may occur in the
future, are forward-looking statements. The forward-looking
statements reflect management’s current expectations based on
information currently available and are subject to a number of
risks and uncertainties that may cause outcomes to differ
materially from those discussed in the forward-looking statements.
Such forward looking statements in this release include the
appointment of Ms. Marie Grönborg to the board of directors and the
engagement of Chris Parr as a consultant, and the expected impact
on the business and operations of the Company, including
anticipated strategic moves towards commercial engagement and
strategic partnerships; momentum for the path to commercialization
of the Company’s technology, including building long-term
relationships, development of customized solutions for waste
plastic feedstocks of interest, and solidifying a potential
commercial pipeline of projects; the expected contributions by Ms.
Grönborg in leadership and expertise so as to add significant value
to the board of directors and align seamlessly with the Company’s
strategic objectives; and the expected contributions by Mr. Parr
for corporate advisory, corporate finance, strategic planning and
related advisory services. Although the Company believes that the
assumptions inherent in the forward-looking statements are
reasonable, forward-looking statements are not guarantees of future
performance and, accordingly, undue reliance should not be put on
such statements due to their inherent uncertainty. Important
factors that could cause actual results to differ materially from
the Company’s expectations include that the appointment of Ms.
Grönborg and engagement of Mr. Parr may not have the impact on the
Company’s business, strategy, commercialisation and operations as
expected or at all; that adverse market conditions and other
factors beyond the control of the parties may negatively impact the
business plans and operations of Aduro. The Company expressly
disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
future events, or otherwise, except as required by applicable
law.
The Canadian Securities Exchange has not
reviewed or approved the contents of this news release.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/e7d515c7-e07c-410a-b6ef-194774ec3fa8
Aduro Clean Technologies (TG:9D50)
Historical Stock Chart
From May 2024 to Jun 2024
Aduro Clean Technologies (TG:9D50)
Historical Stock Chart
From Jun 2023 to Jun 2024