D. Boral Capital initiated coverage of Aduro Clean Tech (ADUR) with a Buy rating and $50 price target Aduro is a Canadian clean technology “innovator positioned at the forefront of the global circular economy,” the analyst tells investors in a research note. The firm says the company’s Hydrochemolytic Technology platform is a patented, water-based chemical process that can economically transform low-value carbon feedstock into high-value outputs. It sees a $290B total addressable market through advanced plastic waste recycling, partial crude oil refinement from bitumen, and renewable fuel production.
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