Dec. 25 at 6:35 AM
$ADUR For anyone distracted by loud short accounts / “hit pieces”… zoom OUT. 2025 was a *stacked* execution + validation year for Aduro. Here’s the scoreboard + what to watch in 2026
2025 ACCOMPLISHMENTS (facts > noise)
• Pilot-scale STEAM-CRACKING validation in Europe: Hydrochemolytic™ oil ran “as-is” (no hydrotreat / no dilution) with stable furnace ops + ethylene/propylene yields comparable to conventional liquid feedstocks = *real drop-in potential*
• Shell GameChanger GRADUATION: multi-year technical validation + continuous operation readiness + scale-up prep (pilot → demo)
• NGP Pilot Plant: advanced from Phase 1 → Phase 2 commissioning (extruder + Zeton skids + Siemens automation integrated)
• Demo plant program: industrial extruder engineering trials (KraussMaffei + CHILL) to de-risk design/scale decisions
• ECOCE Mexico collaboration announced (flexible/mixed packaging, hardest waste stream) program expected to start Jan 2026
• NexGen Polymers MOU (demo plant collaboration framework: feedstock/site /ops)
• Capital raised to execute: ~US
$8M June raise + full over-allotment (total ~US
$9.2M gross) + US
$20M underwritten raise in Dec (demo plant funding) that is 29.2MUSD raised!!
• Strategic context: TotalEnergies moved into a deeper R&D collaboration phase (announced 2024) — now Shell + steam-cracker data stack on top
Analyst coverage / PTs (for visibility, not a promise):
• Street targets have been published in the ~
$19 to ~
$46 range (varies by firm)
2026 WATCHLIST (where the story tightens)
• NGP pilot: longer integrated runs, repeatability, uptime, consistent product quality
• Demo plant: site/permitting path + long-lead equipment + schedule clarity (+ any partner participation = upside)
• ECOCE: Jan kickoff data on flexible packaging conversions
• More third-party validations/partner “step-ups” as data piles up
Shorts can post. Aduro is building receipts.