 Welcome back to the Independent Investor channel. Aduro Clean Technologies has just released an update to their involvement with Shell Oil in their Shell Game Changer program. Very important to note before we get into this news release to keep this in context, this was a midpoint release with marked progress through the first three phases of the program. I would expect you to glean your own reaction to the news release. I would invite you to review the news release and review it again. I've reviewed it up and down and I was able to glean for myself some much needed update on a program that has been in play now for the better part of 2023 stemming back into the fall of 2022 and it is a big one. It is an accelerator program that is aimed to find synergies between Shell Oil and businesses that they are looking to partner with Aduro Bing in that program now for this entire time and up until now we have been really kept at bay as far as the inner workings of the program and those protections around the program for both entities will continue. This is a very rare insight into the progress of the company, the progress of the program and an end goal in place for the remaining three phases of the program earmarked for latter 2023 the end of. Before we get into the news release I do want to add a couple of opportunities for you to review the disclaimers in the description. I am a share owner in the company. Those share purchases are provided in their entirety in the description below so I want you to understand that this video was actually provided as a promotional content for Aduro Clean Technologies with the intent of providing awareness to the news release that has just been released. So this is on behalf of Aduro Clean Technologies and for your review and perusal at your leisure. I would also like to bring your attention to a couple of other content creators as well who have given their opinion on the news release. I think we can all benefit from different opinions in the community. The first being Mario Shkinoshki he just gave his reaction this morning. I found it to be a fantastic couple of minute reaction to the midpoint update as well as Penny Queen. You guys can kick over and link to their channel. They are featured channels of the independent investor channel and I do strongly support their messages and their opinion on what has been a much needed and a very much anticipated update to the Shell Game Changer program which has a very unique opportunity here to produce something very very special coming out of the program. I will encourage you this as you review the news release with me start to understand and start to perhaps maybe get a reaction to what you think whether or not it's a neutral reaction or whether you think nothing is going to come out of it or whether you think the release is a non-starter what you may think of what is going to come at the end of 2023 when the Game Changer program does end up wrapping up what you think the motivation behind Aduro and Shell is by providing this update who benefits from the program and who stands to benefit either Aduro or Shell Oil or both or neither as you work through this update in understanding the magnitude and potential of the hydrochemical technology as it's put to the rigor by both patrons of Aduro and Shell Oil through the Game Changer program and we will just have to wait until the program finally concludes at the end of this year I'm eagerly awaiting those results and we'll report out on those in due time but for now we're going to jump in we're going to review the release from this morning a very much anticipated release and progress of Aduro in the Game Changer program. Aduro Clean Technologies has just given some rare insight and update to the Shell Game Changer program they are at the halfway mark here in the program and the update was just released today I've read this up and down multiple times I encourage you to do the same we'll be going through the news release today as declared very very important for us to protect the sensitivity of the program and in respect to Aduro Clean Technologies as well as Shell Oil who are actively engaged in this program I will be covering the release from today and allow you to do the same I would double down on the importance of reviewing this if you are in fact interested in the story I found this to be fascinating now you're going to either find this to be not a needle mover be neutral or be positive about this news this is take it for what what you will an update on a program that has been alive and well since last fall since Aduro released their acceptance into this program which is an absolute honor in and of itself and a real validation of the Aduro technology and having gone through the rigor as disclosed through the first three phases of the Game Changer program really just further proves our our assessment that this technology does in fact have what Aduro declares in the first sentence here the ability to really change the industry and transform the world with this chemistry and I just want to cover this as it's disclosed here as released by Aduro being very very cautious to understand that this is an ongoing program and so with that we will jump right into it the Shell Game Changer program is an accelerator and it's designed to partner I want you to key off on those two words accelerator and partner because I think the latter word with partner with businesses to deliver innovation of solutions that have the potential to drastically impact the future of energy in the transition to net zero emissions is key in this release in other words you can draw your own conclusion as to what benefit you think that's going to come out of the Shell Game Changer program whether or not you are net neutral on the program and that this is going to not produce any tangible results after you're entitled to your opinion nor if you believe that there is any benefit to Shell or Aduro independently or you believe that neither will benefit from this program or you are of the opinion that I am in that they are looking to be mutually beneficial with each other and the relationship that I would presume is growing throughout this program and now I will give you some insight into my feeling about this marked progress in a program that my friends I don't believe Aduro would have been let in the front door had they not had their hydrochemical technology verified up down and around at the onset of this program make no mistake about it these first three phases were not a validation to allow the validation of the technology rather a put the technology that they knew worked to rigor to see how much performance they could actually get out of the chemistry and that's why I come back to Accelerator and it is my presumption as a share owner in Aduro Clean technologies that I think they were destined for greatness in accordance with their timelines that they established going forward out to 2027 it is my presumption that at the end of this year at the conclusion of this Shell Game Changer program that we should be provided even more transparency on what is to be expected what has come of the program what they learned from each other what will be any follow-on opportunities if any that come out of the program at its conclusion now this update from the Shell Game Changer program gave us the completion target date at the end of 2023 but NERIA did it suggest that there would be any more that comes out of the program and we will just have to wait until the conclusion of that it is my study and deep dive of how conservative Aduro is in respect to this program and the progress that is being made within the program to continually acknowledge that it is an ever-evolving program and to report on progress now halfway through would be premature and I take this at face value to mean just an update now the accelerator portion I actually believe that this is going to be a net beneficial to both parties involved in this so I actually do believe that with this Shell Game Changer program involvement over the last 12 months or it's going to be a little over a year in the program that they should be looking to find those synergies and looking how they can emerge from the program and be mutually beneficial in meeting their goals to really take this solution to the next level and we want to make sure that we are being fair with the opportunity and allow the report out of the current process to take hold and to treat it as that for us share owners in the company as an update and a successful one at that in the Shell Game Changer program with the successful completion of the first three of six phases Aduro has now passed the halfway mark of the program and is underway with the tasks outlined for phase four the task outlined for the first three phases involved evaluating the performance of the hydrochamaletic technology using pure and mixed plastic feeds measuring the impact of hydrochamaletic when contaminants are present we've talked about this in real life being of the utmost importance to maintain its performance and the understanding and optimizing the key additives in the process for effectiveness and economics all three phases achieved results that aligned with mutually agreed performance targets I will allow you to glean what it is that you would suggest those to be what it means to me is a successful negotiation of those pre-arranged targets that were established at the beginning and my double down and and and insight to you guys as the subscriber base to the channel that this is Shell Oil they are not going to allow this to progress unless there is a reason to progress and that started from day one and so for aduro to be to have progressed along this roadmap as far as they have is a testament to the technology it's a testament to the program as a whole and it's a testament to the work on both sides to actually see this accelerator program through and to be reporting to you now on it in july 2023 aduro initiated its commissioning runs of the pilot scale continuous flow reactor of hydrochemolytic plastic upcycling the commissioning aligns well with the performance targets outlined for phase four okay so they have begun phase four as of july that's an important point here during this phase aduro will be demonstrating the efficiency of hydrochemolytic process in a continuous flow setup focusing on operability product quality and yield additionally aduro will be examining how the process transitions from batch to continuous system and evaluating the tunability to maximize nap the cracker feed yields aduro is targeting completion of the six phase game game changer by the end of the year a couple of things there the tunability i've spoke about and it's something that i was able to glean during my site visit of aduro clean technology and it's something that the chief scientist had conveyed to me as an important differentiator of aduro from the rest of the pack in the industry competitors i will say in the industry that have got favor in the marketplace but the ability to tweak the input chemistry for a desired output is and will always continue to be a bullish aspect of this in that is it's not just a one size fits all application and that is what i glean from some of the other uh few product offers in the space especially with plastic recycling the flexibility or the tunability as aduro suggest here and the ability to really augment the uh technology to a desired output really is the huge selling point here we're not going to talk about the other verticals of the hydrochymolytic application in this video i wanted to remain focused on the announcement here from the from aduro which has been very very rare we haven't heard anything on shell game changer and i think that has been to the credit of offer vikas really establishing a kind of a moratorium over the program while the program has a chance to see itself through and i think that's in respect to both entities that are involved in this and we will continue to to honor that commitment and keep our conjecture to a dull roar until the program is completed and the results of those uh program uh finalized results i do believe will be forthcoming but we will have to be patient and we will have to await those final results as they are actively in the process of of working through the shell game changer program over vikas and i quote we are thrilled with the progress we have made in the game changer program the results from the first three phases have been very encouraging we are excited to move into the next phase the project commented over vikas ceo of aduro we are grateful for the support and expertise provided by shell which has been instrumental in advancing our goals and so in closing i want you guys to kind of understand first of all i want you to read the the news release and i want you to read it again and i want you to glean what it is that i will um share with you some of my my thoughts about this update on the aduro uh game changer program with shell i i took this news release to be an update a halfway point um and i i took it to be fairly close to the vest i took it to be a very worthwhile midpoint announcement in a program that has very very high implications for both parties involved i took it to mean that they wanted to yes put an update out there but also refrain from releasing any details that could potentially compromise the program on either end now they did suggest that we do have an end uh in um in in in mind here at the end of 2023 and and i would expect that if there were any summary um takeaways from the shell game changer program that they would come at the conclusion of the program and rightfully so until then we'll have to be patient on any involvements in the program here but i i found this to be very telling from the perspective that it doesn't appear as if we have a a technology that is looking to be to be to be verified um it um the third party validation that occurred a couple of years ago with this technology has proven out that this has worked and the accelerator idea and opportunity through the shell game changer program really is looking to take that from from bench strength right through um the continuous flow process and right into setting themselves up for a commercially viable unit here with the learnings that they've been able to pick up through the shell game changer program and the learnings that i expect are probably happening on a day-to-day basis but earmark the end of 2023 for those updates guys i appreciate it and we'll kick you back and we'll conclude the video so we've come out of the update from aduro clean technologies on the game changer progress i found it to be a fairly close to the vest release i found it to be a much needed release on a program that in accordance with the market sentiment has really gone full circle in other words the initial announcement from last fall has seen us returning right back to the share price that was that was reflective of a company 12 months ago when the company announced that they were accepted it is the current environment right now to look at fundamentals fundamentals will eventually matter in this company they always do you cannot fight a market that is looking at these stories and not really understanding how to value them that's just the current makeup of the market and it is incumbent upon the investor to look past those deaf years in the market to glean a very clean perspective on a company like aduro that is partnering with major oil and is a few short months away from concluding this program and the questions remain on what could potentially come out of the shell game changer program i'm very optimistic for me i think that these are opportunities for a company like shell to reach out and partner with a company like aduro and find those synergies with the idea of accelerating their technology to mass scale and commercialization now that's my presumption you are encouraged to do your own homework and do diligence on this topic because presuming and and and trying to forecast what could potentially come out of the program is anyone's guest and it's incumbent upon the individual investor to glean what they feel is going to come out of this game changer is it going to move the needle is it going to accelerate the path to commercialization for aduro we'll just have to wait and see and for you to glean your own opinion about it we've just been provided today some insights on the update of this very critical monumental program for aduro clean technologies guys if you enjoy the content coming through the independent investor channel i would invite you to subscribe to the channel leave your comments in the comment section of this video i will be commenting back on your reaction your natural reaction to this update to the shell game changer program and i'm interested to see where you stand on this front are you neutral to negative or positive on this do you think it's going to render some positive catalyst when they announce the completion of the program come december guys i appreciate you tuning in for the totality of the video and good luck in your investment future