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Aduro Clean Technologies Joins Utah Petroleum Association

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Aduro Clean Technologies (Nasdaq: ADUR) joined the Utah Petroleum Association (UPA), aligning its Hydrochemolytic Technology (HCT) with Utah’s paraffinic “yellow wax” and “black wax” crude producers. Membership enables direct engagement with Uinta Basin operators to explore paraffinic crude upgrading and integration into existing production, transport, and refining infrastructure.

Aduro highlighted a continuation-in-part patent application for paraffinic crude upgrading, the appointment of a petroleum program director, and bench-scale HCT tests on Uinta waxy crudes that reduced wax content and produced ambient-stable treated crude.

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AI-generated analysis. Not financial advice.

Positive

  • UPA membership gives direct access to Utah producers, refiners, and midstream operators
  • Continuation-in-part patent application targets paraffinic crude upgrading with HCT
  • Appointment of Program Director, Petroleum Technology Solutions, to lead applications
  • Bench-scale HCT tests on Uinta waxy crudes reduced wax content and stayed ambient-stable
  • UPA membership supports move from lab validation toward pilot-scale industry engagement

Negative

  • None.

Key Figures

UPA founding year: 1958
1 metrics
UPA founding year 1958 Year Utah Petroleum Association was founded

Market Reality Check

Price: $4.52 Vol: Volume 22,484 is slightly...
normal vol
$4.52 Last Close
Volume Volume 22,484 is slightly below the 20-day average of 23,095, indicating typical trading interest ahead of this update. normal
Technical Shares at $4.52 are trading above the 200-day MA of $3.71 and about 13.9% below the 52-week high of $5.25.

Peers on Argus

No peers from the stated industry appeared in the momentum scanner, suggesting t...

No peers from the stated industry appeared in the momentum scanner, suggesting the -2.45% move and reaction to this announcement are company-specific rather than part of a sector-wide rotation.

Market Pulse Summary

This announcement highlights Aduro’s move to deepen engagement in Utah’s paraffinic crude market by ...
Analysis

This announcement highlights Aduro’s move to deepen engagement in Utah’s paraffinic crude market by joining the Utah Petroleum Association, founded in 1958. Bench-scale testing on Uinta Basin waxy crudes showed reduced wax content and stability at ambient conditions, supporting the potential of Hydrochemolytic Technology. Investors may watch for pilot-scale projects, evidence of integration into existing transport and refinery systems, and updates on patent protection for paraffinic crude upgrading.

Key Terms

paraffinic crude, midstream operators, bench-scale testing, continuation-in-part patent application, +1 more
5 terms
paraffinic crude technical
"expanding its work in paraffinic crude upgrading, an application area directly relevant"
Paraffinic crude is a type of crude oil made mostly of straight-chain hydrocarbons (alkanes) that behave like waxy vegetable oils: they tend to become thicker and form wax at lower temperatures. For investors, its composition matters because it typically yields a higher proportion of light, valuable products (gasoline, diesel, petrochemical feedstocks) but can raise refining, transport and storage costs due to wax deposits, affecting margins and logistics risk.
midstream operators technical
"engagement with Uinta Basin producers, refiners, and midstream operators"
Midstream operators are businesses that move, store and sometimes lightly process energy products like oil and natural gas—think of them as the delivery and storage system between producers and customers. They matter to investors because they often earn predictable, fee-based income from pipelines, storage tanks and terminals, similar to how a toll road or shipping company collects steady payments regardless of fuel prices; that stability can affect cash flow, dividends and risk exposure.
bench-scale testing technical
"Recent bench-scale testing on Uinta Basin yellow wax and black wax feedstocks"
Bench-scale testing is small-scale, controlled experimentation of a product or process carried out in a lab or workshop to prove it works before larger pilot or commercial production. Like making a single recipe in a kitchen to confirm the method and ingredients, it helps reveal technical problems, likely costs and performance limits early on, so investors can judge whether a technology is feasible and how risky scale-up and future spending will be.
continuation-in-part patent application regulatory
"These include a continuation-in-part patent application filed with the United States"
A continuation-in-part (CIP) patent application is a follow-up filing that repeats some material from an earlier patent application and adds new information or claims. For investors, it matters because the repeated parts retain the earlier filing date (helping defend prior invention), while the new material gets a later date, which can affect how long and how strongly intellectual property protects a product or technology—similar to updating a recipe while keeping the original date for unchanged ingredients but dating new steps later.
waxy crude technical
"transport and refinery compatibility constraints associated with waxy crude production"
Waxy crude is a type of crude oil that contains a high proportion of long-chain paraffin molecules, so it becomes thick or solidifies at moderate temperatures much like candle wax or butter in a fridge. Investors care because that behavior raises transportation, storage and processing costs—pipelines may need heating or diluents, and refineries may require extra treatment—so waxy crude often trades at a discount and can squeeze producer and refiner profit margins.

AI-generated analysis. Not financial advice.

Membership supports Aduro’s expanding petroleum applications program focused on paraffinic crude upgrading and supports engagement with Uinta Basin producers, refiners, and midstream operators

LONDON, Ontario, May 14, 2026 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (Nasdaq: ADUR) (CSE: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower-value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, today announced that it has joined the Utah Petroleum Association ("UPA"), the statewide trade association representing companies involved in all aspects of Utah's oil and gas industry. The membership supports Aduro’s efforts to expand its work in paraffinic crude upgrading, an application area directly relevant to the Uinta Basin’s distinctive “yellow wax” and “black wax” feedstocks.

The Uinta Basin is one of North America’s most recognized regions for paraffinic crude production, with output that today requires insulated transport, reheating infrastructure, and selective refinery acceptance due to the feedstock’s high wax content. Founded in 1958, UPA represents producers, refiners, midstream operators, and service providers across Utah’s oil and natural gas value chain. Membership provides Aduro with the opportunity to engage directly with stakeholders, including operating companies whose insight will inform how HCT can potentially be integrated within the Uinta Basin ecosystem.

“Joining the Utah Petroleum Association supports our efforts to advance our petroleum applications program from laboratory validation toward structured, pilot-scale engagement with industry,” said Ofer Vicus, CEO of Aduro. “UPA’s membership base reflects the full Uinta Basin value chain and gives Aduro the opportunity to present the potential benefits of HCT for paraffinic crude upgrading while deepening our understanding of the transport, handling and refinery compatibility considerations associated with waxy crude streams. Solidifying industry relationships now positions Aduro to evaluate, alongside operators, where HCT can deliver the greatest commercial impact.”

“We're pleased to welcome Aduro Clean Technologies to UPA,” said Rikki Hrenko-Browning, President of the Utah Petroleum Association. “Innovation in how we move and process Utah’s waxy crudes has real implications for the competitiveness of our basin. We are excited for Aduro to explore pilot opportunities here in Utah.”

Aduro’s UPA membership follows several recent advancements in the Company’s petroleum applications program. These include a continuation-in-part patent application filed with the United States Patent and Trademark Office seeking to extend Hydrochemolytic™ Technology intellectual property protection to the upgrading of highly paraffinic crude oils, and the appointment of Scott Smith, M.A.Sc., P.Eng., as Program Director, Petroleum Technology Solutions. Recent bench-scale testing on Uinta Basin yellow wax and black wax feedstocks demonstrated that HCT processing reduced wax content of treated crude, and that the treated crude remained stable at ambient conditions — a result that, if reproduced at scale, would directly address long-standing transport and refinery compatibility constraints associated with waxy crude production.

Paraffinic crude upgrading represents a further demonstration of HCT’s applicability across distinct feedstock chemistries, alongside the Company’s existing programs in waste plastics upcycling, heavy bitumen upgrading, and renewable oils. Through its UPA membership, Aduro intends to engage with operators in the Uinta Basin and across Utah to evaluate how HCT may fit within existing production, transport, and processing infrastructure, including approaches that could reduce reliance on heated logistics and expand refinery access for paraffinic crude streams.

About the Utah Petroleum Association

The Utah Petroleum Association (UPA) is a Utah-based, statewide petroleum trade association representing companies involved in all aspects of Utah's oil and gas industry. Founded in 1958, UPA exists to serve its member companies and advance the responsible development of Utah's natural resources and the manufacture of fuels that drive Utah's economy. UPA's work spans regulatory advocacy, government affairs, public outreach, member networking, and industry information. More at www.utahpetroleum.org

About Aduro Clean Technologies

Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company’s Hydrochemolytic™ Technology relies on water as a critical agent in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into resources for the 21st century.

For further information, please contact:

Abe Dyck, Head of Corporate Development / Investor Relations
ir@adurocleantech.com
+1 226 784 8889

Jon Ekstrom, Communications Lead
jekstrom@utahpetroleum.org
+1 720 936 2393

KCSA Strategic Communications
Jack Perkins, Senior Vice President
aduro@kcsa.com

Forward Looking Statements

This news release contains forward-looking statements within the meaning of applicable Canadian and U.S. securities laws, including the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release include, but are not limited to: statements regarding Aduro’s petroleum applications program; the potential application of Hydrochemolytic™ Technology (“HCT”) for paraffinic crude upgrading; anticipated engagement with members of the Utah Petroleum Association; the evaluation of pilot opportunities and industry collaborations; the ability of HCT to integrate into existing production, transport, refining, and processing infrastructure; the potential to reduce reliance on heated logistics and expand refinery access for paraffinic crude streams; the interpretation and implications of recent bench-scale testing results; the advancement of the Company’s intellectual property portfolio; and the continued development, validation, scale-up, and commercialization of HCT.

Forward-looking statements are based on management’s current expectations and assumptions, including assumptions regarding: the technical performance and scalability of HCT; the applicability of laboratory and bench-scale results to future pilot or commercial operations; the continued availability of industry partners and engagement opportunities; the ability of the Company to advance its petroleum applications program; the ability to secure future commercial opportunities and strategic relationships; the continued development and protection of the Company’s intellectual property portfolio; and the stability of regulatory, market, and economic conditions supporting development and commercialization activities.

These statements are subject to a number of risks and uncertainties, including, but not limited to: the risk that laboratory or bench-scale results may not be replicated at pilot or commercial scale; challenges associated with scaling up the Company’s technology; operational and technical risks; changes in market conditions, commodity prices, or industry adoption; the availability of funding and resources; the ability to protect and enforce intellectual property rights; the availability and willingness of partners to participate in future collaborations or pilot programs; changes in applicable laws and regulations; and other factors described in the Company’s filings with Canadian securities regulators available on SEDAR+ at www.sedarplus.ca and with the U.S. Securities and Exchange Commission available at www.sec.gov. Actual results may differ materially from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by law, Aduro undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Aduro - UPA Membership PR

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e63081d3-10d6-42d6-bb5b-ff01d83ef795


FAQ

What did Aduro Clean Technologies (ADUR) announce about joining the Utah Petroleum Association?

Aduro Clean Technologies announced it has joined the Utah Petroleum Association to support its paraffinic crude upgrading program. According to Aduro, this membership enables engagement with Uinta Basin producers, refiners, and midstream operators to assess how Hydrochemolytic Technology could fit existing infrastructure.

How does Aduro’s Hydrochemolytic Technology relate to Uinta Basin paraffinic crude for ADUR investors?

Aduro’s Hydrochemolytic Technology targets highly paraffinic "yellow wax" and "black wax" crudes from the Uinta Basin. According to Aduro, bench-scale tests reduced wax content and produced treated crude stable at ambient conditions, potentially addressing transport and refinery compatibility constraints if replicated at scale.

What recent program developments did Aduro Clean Technologies (ADUR) highlight with its UPA membership?

Aduro highlighted a continuation-in-part patent filing extending HCT coverage to paraffinic crude oils and the appointment of a petroleum program director. According to Aduro, these steps, combined with UPA membership, advance its petroleum applications from laboratory validation toward structured, pilot-scale discussions with industry.

Why is the Utah Petroleum Association membership strategically important for Aduro Clean Technologies (ADUR)?

The Utah Petroleum Association membership connects Aduro with Utah’s full oil and gas value chain. According to Aduro, this access may help evaluate ways HCT could reduce reliance on heated logistics and expand refinery access for paraffinic crude streams in the Uinta Basin.

What did bench-scale tests show about Aduro’s HCT on Uinta Basin waxy crudes for ADUR?

Bench-scale testing on Uinta Basin yellow and black wax feedstocks showed HCT reduced wax content and produced crude stable at ambient conditions. According to Aduro, if reproduced at scale, this result could directly address longstanding transport and refinery compatibility constraints for waxy crude production.

How does Aduro Clean Technologies’ HCT portfolio extend beyond paraffinic crude for ADUR shareholders?

Hydrochemolytic Technology is being applied to waste plastics upcycling, heavy bitumen upgrading, renewable oils, and paraffinic crude. According to Aduro, this breadth across feedstock chemistries illustrates HCT’s platform nature and supports multiple potential revenue streams as programs advance.