Aduro Clean Technologies Inc. (OTCQB: ACTHF) (ACT.C) Announces Expansion In Europe, Establishing Subsidiary in the Netherlands
Aduro Clean Technologies Inc. (OTCQB: ACTHF) (ACT.C) is involved in the development of patented water-based technologies for the purpose of recycling waste plastics chemically, converting crude and bitumen into more valuable, lighter oil and also transforming renewable oils into fuels of higher value.
Aduro Clean Technologies Expands Presence in Europe, Establishing Subsidiary in the Netherlands
Aduro Clean Technologies developed the Hydrochemolytic technology, which is dependent on water as a key agent in a chemical platform, which can operate at low costs and temperatures. It is being regarded as a revolutionary new technology that could turn feedstocks of low value into resources for the modern world.
On June 15 the company was in the news cycles after it announced that it had been successful in establishing Aduro Clean Technologies Europe BV, its European subsidiary based out of Geleen in the Netherlands. The establishment of the European subsidiary was a major development for the company as it was an indication of its goal to expand at a global level.
The new subsidiary is going to function as the hub of its European operations and would also be responsible for hitting its strategic goals in the region. Aduro Clean Technologies chose the Netherlands to be the site of its European operations because of its strong regional relationships.
