According to Stock Target Advisor, a price target of CAD$8 has been set for Aduro Clean Technologies, Inc. (CSE: ACT) (OTCQB: ACTHF) (FSE: 9D50). The company recently closed a financing at CAD$1.30/share, so the price target represents 515% upside potential.
Aduro has been developing its Hydrochemolytic™ Plastic Upcycling (HPU) technology for the past several years and is nearing the commercialization stage of development. HPU was developed to handle various forms of polystyrene, polyethylene, and polypropylene. These account for about 50% of total plastic production, or about 200 million tonnes annually. HPU’s scalable technology is capable of efficiently processing all of these without much sorting or cleaning, and using less energy and creating significantly lower emissions than current technologies. And none of the current technologies can handle the variety of plastic types that HPU can.
Aduro recently shared incredibly efficient results from its polypropylene test runs, representing just a sampling of the testing the company has completed utilizing various feedstocks for its potential clients. 95% of the polypropylene was converted to highly saturated hydrocarbon feedstock that doesn’t require further processing to be used to form commercially viable second generation products. Only 5% went to waste, as carbon and fuel gas.
Here is a link to the Stock Target Advisor summary: https://www.stocktargetadvisor.com/stock/Canada/CNSX/ACT
