 everybody back to the Independent Investor Channel. This will be an account of my site visit to Aduro Clean Technologies, which was one of the most enlightening experiences that I've ever had, not only in my life, but as it pertains to the investing opportunity. And I think where we are now in these current times, especially in the face of volatile markets and companies like Aduro and many others that we cover and we really try to comb over and a lot of companies can be discredited within the first couple of minutes of review. There's a lot of companies doing a lot of things out there. We try to identify those companies that have that special pedigree. And this video is aimed more toward education. For you guys that follow the Aduro story, you're gonna wanna listen to this, review it on the onset and re-review the content because in my Q and A with Anil Jawaar and a big thanks to him and the entire Aduro team for allowing me the opportunity to capture this footage, you are going to want to immerse yourself in the questions that I'm going to frame to you and then allow Anil to offer his response to the questions that I had when I was actually up there at the Aduro site and facility. I want you guys to get an understanding and a feel for what I felt when I was there. The vast majority of people who do their due diligence or at least are even introduced to this opportunity will never find the time that I did on a very unique opportunity to actually make a site visit. When you talk about due diligence, there is no better culmination of a deep dive on a company, their vision, what they're trying to do than getting in there and feeling the culture. And Anil was able to walk me through the inception of the technology, the equipment that is utilized, kind of give us some insights on the evolution of where we have been. There's some expectation of where we could potentially go. I just do want to give you guys a heads up at the onset to have some fair expectations that Anil used the term startup with me many, many times. I typically don't like to use that when I refer to a company like Aduro that's been around for going on 10 years, but not have stepped into the public limelight but just a couple of years ago to really immerse themselves into the public limelight and really look to tell the story, okay? So the intention of this is to engage in a Q&A with myself, the independent investor channel for the viewing and subscribership audience to the channel with the chief scientist, Anil Jauvar. And hopefully by the end of this you can have a better understanding of where Aduro has been, where they are currently. And more importantly, where could we could forecast to see where Aduro could go in the coming months in the short term? Yes, medium term out maybe to the end of 2023 here and especially where we could be ultra long here when we're talking about five to 10 years down the line in where we could potentially see this technology integrating in the commercial space in a full commercial capacity. Hopefully this allows you some insight to the baseline that exists and the insights that I was able to glean with my site visit here just recently of Aduro Clean Technologies. Please enjoy. Hi, I'm Anil Jauvar, chief scientist with Aduro Clean Technologies. We are just gonna go in our R&D lab where we do our basic understanding and testing of the raw materials before we actually move it to a continuous system. So this is where we start our basic testing for any material. So we start with a small reactor system which is 5 ml. It's just a batch reactor which is completely closed. What we can do is like we can do multiple of reactors like this and put it in this basket. This is a fluidized bed heated sand bath where we can maintain temperature, keep the mixing going so that we can do the reaction and at a certain residence time, we can take the reactor, we can take the open reactor, look at the products and find out like whether the conversion happened or not. So this system is just for testing whether the chemistry is happening or not. And once we figure out like it's working, what we can do is like we can try to scale up in a slightly larger reactor so that we can recover the product and analyze it. So once we are done with this reactor system, we actually transfer the data from here and do testing at our larger reactors. So this is how we started, right? Like we actually start testing with the virgin raw materials like PEPP, polystyrene. These are virgin materials. So we test the chemistry whether it's happening or not. And then these are reclaimed material basically after post-consumer for mechanical recycling. This is recycled polyethylene, polypropylene pellets. So we kind of expanded our test to this material. And then we also test what we call as this material from different farm or reject of recycling material. And what we typically do is with our chemistry we are able to produce in case of polyethylene, we get like a wax kind of material where the carbon number ranges from C8 to C100. This could be used for a variety of purposes. Actually we can tune the carbon number range so that it could be used for either as an aftercracker feed or we can tune it to produce high molecular weight waxes which could be used for lubrication purposes. So in case of polyethylene what you get is this vaccine material which melts about 60 degrees Celsius. In case of polypropylene because it's a branch molecule we get branching saturated hydrocarbon so which is more like a liquid at room temperature conditions. And we have also done testing by mixing polyethylene and polypropylene. You get like a nice flowable product when you mix both polyethylene and polypropylene. We have done some reactions and testing with polystyrene. So our chemistry basically work on chemical molecules like especially like the chain growth polymers from pure cycle right where they are using a solubilization technique. What we are doing is here we are taking this molecule apart like so our process is like a chemical scissors is chopping the molecules and what we are creating is like a feed for an aftercracker. So where we can actually use this material as a feedstock and what we get in the end is like a virgin material like brand new material. So what we are doing is replacing the fossil fuel instead of getting those feedstock from crude oil or other natural resources we are just creating that. So our product will be as new as like a virgin material like once we use that to create we can create virgin material. Now what Anil just said there about the ability to take what is typically waste and not only that but damaging waste that all too often ends up in the landfill over 80% is ending up in our landfill and I think a lot of people out there are not aware of this but his statement about covering the different types of virgin feedstock as well as some of the stuff that has been mixed product as well as some of the chemistry that they're looking to mix both back and forth really spoke to the ability to not rely on natural production through fossil fuels to provide us the necessary feedstock to produce more plastic. Plastic is not going away but to use the aduro clean technologies platform in an opportunity to take what would have ended up in the landfills and to use that material to produce a usable product on the back end whereas we would typically have to rely on our valued natural resource IE our fossil fuel to provide that feedstock in production of new plastics. So I found this segment intriguing when Anil was breaking down the thought processes that exist with aduro and the ability to take what would have just ended up as a detriment to both businesses because it's too expensive to recycle as well as an environmental detriment IE ending up in the landfill and actually taking that putting it to the rigor of the aduro chemistry and actually producing a more valuable resource on the back end by nature of either changing the chemistry or controlling and monitoring the chemistry in a way that produces a favorable outcome on the back end. So basically once you feed it in the NAFTA cracker like which typically ranges from C5 to C12 hydrocarbons and you can convert that into ethylene ethylene molecule could be used to convert into polyethylene which could be provided to the consumers for making like different products which could be used by common consumers. And once it's used like nowadays most of it is discarded which goes for recycle but typically only about 10 to 12% is recycled. Most of it is about 10 to 12% is incinerated and rest of like remaining 80 to 90% is on the sorry remaining 80% is in the landfill. So during the process of discussion with Anil I continually asked him about cross-comparing aduro the width some of the few technologies out there that of which I think all will have or find their potential place depending on the viability of each of those respective technologies. However, Anil was very clear in establishing aduros place in how they go about deconstructing the plastic molecule and even the potential of really tweaking the chemistry to ensure that they can in some cases provide if he's to provide a usable product on the back end to lend itself available to upcycling. He mentioned this a number of times during our discussion and he really wanted to separate what aduro is doing with regard to their surgical deconstruction the careful deconstruction of molecules and not necessarily the complete destruction of the molecule where as some of the pyrolysis, some of the known high heat input and high energy inputs which come with it a premium via cost cross compares to the aduro technology. So basically when you compare our technology with the different technologies like especially thermolytic approach. So they are using relatively high temperature like temperatures over 400 degrees Celsius and the product which they obtain is not like a saturated it's a mixed bag of stuff which contains some saturated hydrocarbons and some unsaturated hydrocarbons. Whereas with our process we do it at relatively milder conditions temperatures less than 400 degrees Celsius and the product which we get is like almost 97% of it is saturated hydrocarbons. So we don't need like significant post-processing whereas in case of pyrolytic product what we need is a hydrogenation process in order to make it usable and stable which is very expensive process. In the segment I asked Anil to discuss what I've heard floated when associated with the aduro clean technologies technology hydrochemolytic and I've heard the word novel in that in all of the years history of chemistry and evolution, et cetera. There are aspects about this chemistry that set itself above and beyond the rest. I've tried not to be as bias I'm trying to be as impartial as I can when I explain my interpretation of what I see through my lens when I look at aduro but let's hear from Anil on his answer to my question to him about the novelty of hydrochemolytic process as it pertains to the technology at aduro clean technologies. So a few things about novelty is like we operate at milder temperature conditions. We don't need the external source of hydrogen like basically we don't need molecular hydrogen. Our process use bio-based substrate to produce in situ and saturators. It's a one step process compared to you pyrolyse, create a product and then hydrogenate it. We can do all in one step. And the other advantage is we can handle moisture and other contaminants, right? Whereas in case of pyrolysis, you will be limited to moisture because you are losing energy. In our process, we are able to handle moisture. I wanted to get Anil's impression on that the industry as a whole and whether or not other technologies would find its place in solving the plastic problem. We've discussed a lot and we've heard it thrown around that the plastic problem is so enormous even now as we speak, it's out of control and where we are looking to go into the future with the population growth and the expected expansion of plastic production that we're looking at insurmountable amounts of plastic produced every single year. Statistics upwards into the billions of tons of plastics produced annually and how is it that we deal with that? And my question to Anil was, will other technologies find their niche in solving the plastic problem? In other words, it's not gonna be a one solution or one size fits all to address the plastic problem. And I think there's room for multiple players in the space as applicable to the niche that they're looking to solve within each of the complex layers of addressing the plastic problem. So I would say that not a single company will be able to address all the plastic problem because there are so many different kinds of plastic like chain growth and step growth plastic. So what we need is like a combined solution. Like I envision like a analogous to refinery, petroleum refinery where you have like a sorting like a distillation column separating different fractions of material. So same thing I see with sorting of different plastic feedstock and basically whatever is mechanically recycled should be mechanically recycled and what is not we can actually use our technology. And I do know technology plays a nice role in bridging that like so we can take the material which is rejected, not suitable for mechanical recycling. We can take a mixed polymer feed like we can get polyethylene, polypropylene mixed together or even polystyrene. Again, it depends on the end application. If you are looking for NAFTA cracker feed we will limit to polyethylene, polypropylene and we can convert them into high value platform chemicals. I wanted to get a little bit better in touch with Anil and how long he had been with Aduro asked him and asked him where he thought here in 2023 where in his assessment he thought where we were with the technology, the hydrochymaletic technology. This is where he introduces the coin of being a platform technology and does discuss as the multi-use application here. So for my viewing audience to understand here how big that is in understanding that this is not a one use case. Anil doubled and tripled and quadrupled down many, many times in explaining Aduro's multiple use case here and Anil goes on to explain the three tier in their focused application here in 2023 on where they are placing the majority of the focus and use case over their hydrochymaletic technology in its use case and application. So I have been with Aduro for 10 years. So what we have developed is what we call is a platform technology. So hydrochymaletic technology is not just for plastic it's a platform technology and so far we have explored three areas of its application. One is heavy oil or asphalt in sub grading. The second area is renewable fuels using what we call is waste like yellow grease or brown grease from the restaurants or the grease straps and then the third technology is plastic upcycling. So in case of plastic upcycling what we have demonstrated is this technology works in the batch system we have proven the chemistry. We have found out the blanket conditions what we have also studied is like effect of different contaminants. So in case of contaminants what we are looking at is like whether the contaminants affects the process chemistry is it process design and where does it end up? So that's what we are looking at and we are making like a complete array of different contaminants because contaminants itself are very broad like they could be intrinsic which is means already present in the plastic while making different palliates or maybe products then extrinsic contaminants could be like ketchup bottles where you have like residual food oil or other materials. So what we are looking at is like taking each and every component and analyzing it how does it affect and we are looking at the three criteria as where does it fit? And once we have forehead along this path now what we are doing is taking this system and translating into a continuous process. So the burning question on every investor's mind and anybody who follows the Hedero technology story is we know that the technology has been bench tested where it was incepted and that was the time when they segwayed and got the third party verification to give everyone the assurance and double down that the technology works, it works. Now we take the follow on question and I questioned Anil on the ability of the technology to go from its current state and scale up. And I asked him, is it easy to scale up? And he offers the following comments. I wouldn't say it's easily scalable but we are pretty confident that we will be able to scale up because we do have experience with the heavy oil system. So where we were taking asphalt which are nothing but nature's polymer and we were able to take it apart, apart those molecules and upgrade the product so that we can make it pipelineable, reduce the metal content. So looking at that what we have done in that area and what we have found that when we translated our results from batch system to continuous we actually improved the process chemistry we had to use milder conditions and reduce the space time required for the process. So we are confident that same thing will be applied to this plastic project and we are moving forward with that. So what we have built so far is like a continuous system it can handle up to five kilogram of material for plastic. We will be, it's a mechanically complete electrical installation is done right now what we are doing is basically checking up troubleshooting like if there is any components which we need to kind of update it or even the heat trace we are doing the electrical checkups and once that is done we will have a team operating it very soon. Right now in what we are doing for the team preparation is we have done all the safety training team is well trained on the CPR first aid we are making them ready for the operations. Okay, so Anil gave us a little bit of foreshadowing with regard to the R2 reactor which is capable of handling the five kilograms of continuous flow, okay? So I wanted to demonstrate to the audience how we have progressed from the batch process going from the bench to the batch testing and even Anil alluded to having to scale back the technology, the chemistry because it worked so well and actually reduced the heat when we started to move toward the continuous flow in the evolution of the technology but you guys are gonna have to stay tuned I'm going to split this video and the coverage into probably a three or four part series you're just gonna have to follow it through I wanted to split it up into usable pieces so you can get the most value out of the information I'm very, very aggressive with making sure that the intent of the content that was captured up there really pays forward some of the amazing things that are going on with the internals of this company it is absolutely my intent to portray the feeling that I got when I left there about how devoted the Aduro team is to this cause and hopefully after reviewing this content you found as much value in it as I have in really understanding the internals of what goes on day to day at Aduro full well understanding that many of you will never have the chance to actually do a site visit as I have so I would invite you to stay tuned for follow on chronicling as we follow this story through we'll finish up at the lab and we will actually provide you the insights of the R2 reactor and the walkthrough of what has been mechanically complete and electrically complete my understanding is just here recently the electrical certification has just already come through and the training and the learnings that came out of the building of the R2 and putting the chemistry aligned with the continuous flow reactor is really starting to accelerate the excitement for Aduro and finally seeing this continuous flow in a capacity that is going to provide customer engagement to the extent that customers can actually see what is possible on yes, a small scale as Anil admitted to but my press to Aduro was to really suggest that we may be looking at the potential for that scale up and the potential for the R3 commissioning in much grander volumes taking the R2 learnings and actually evolving to the R3 here at some catalyst forming event here for Aduro here in the short term maybe even as early as monitoring the company through 2023. So it'll be very, very exciting. You're going to need to stay tuned for the opportunity for those follow on rollouts as I continue my chronicling of my site visit of Aduro clean technologies. If you guys enjoy the opportunity that is made possible through the independent investor channel I would invite you to subscribe to the channel. Aduro is one of the very, very few companies that I have on my very, very short list of companies that I'm absolutely convinced about the prospects of the future and you're going to have to subscribe to the message become part of the community. It'll cost you nothing. Cover the Aduro story, put it in your watch list. Start to stay tuned to the news releases as I and some of the few other channels are providing to you. If you have questions, leave them in the comments section of this video anything that was said during the totality of this video. Please leave those in the comments section below as that will strike up a dialogue on this topic. And I will just say this in closing, the plastic problem has never been so real but it is companies like Aduro that are making huge, huge waves in a capacity that I still consider undiscovered. And it's going to be amazing for me to pay the story forward as we evolve this story and I share with the grander audience the findings from my site visit on Aduro Clean Technology. Thank you so much for tuning in to this part one of the Aduro site visit chronicling and good luck in your investment future.