Hoffmann Green Signs a Preliminary Agreement With a Partner for a Licensing Contract in the US State of Florida
12 Dezembro 2023 - 2:00PM
Business Wire
Regulatory News:
Hoffmann Green Cement Technologies (ISIN: FR0013451044, Mnemo:
ALHGR) ("Hoffmann Green" or the "Company"), an industrial player
committed to the decarbonation of the construction sector that
designs and markets innovative clinker-free cements, announces the
signing of an agreement with a partner that defines the main points
of an exclusive licensing agreement to build several Hoffmann units
in Florida, a state in the southeastern United States.
As part of the Inflation Reduction Act (IRA), a major $370
billion investment plan voted in 2022 in the United States to fund,
over ten years, the country's energy transition and achieve the
goal of cutting greenhouse gas emissions by 50% in 2030 compared
with 2005, Hoffmann Green and a partner have been engaged in
discussions for several months with the aim of decarbonizing the
construction sector in the State of Florida. After a series of
successful tests, the two companies have reached an agreement
setting out the main points of a licensing contract to be signed by
March 31, 2024.
This licensing agreement will lead to the construction of
several Hoffmann units in Florida, which will be built on the same
model as H2, Hoffmann Green's second production unit based in
Bournezeau (Vendée, North-West of France). These plants will be
funded and operated by the partner who will market Hoffmann Green's
decarbonated clinker-free cement throughout Florida. In exchange
for this industrial and technological transfer, Hoffmann Green will
receive royalties generated by this licensing model.
Julien Blanchard and David Hoffmann, co-founders of Hoffmann
Green Cement Technologies, said: "Following on from the
contract signed with Shurfah in Saudi Arabia a few weeks ago, we
are delighted to continue our international expansion with the
announcement of this future site in the United States. This
agreement with a Florida-based partner demonstrates the appeal,
beyond our borders, of our clinker-free cement and our vertical
production model. We are proud to be working alongside our partner
to decarbonise the construction sector in a state as strategic as
Florida, the third most populous state in the U.S.A."
ABOUT HOFFMANN GREEN CEMENT TECHNOLOGIES
Founded in 2014 and based in Bournezeau (Vendée, Western
France), Hoffmann Green Cement Technologies designs, produces and
distributes innovative extremely low-carbon cements – with a carbon
footprint 5 times lower than traditional cement – that present, at
equivalent dosage and with no alteration to the concrete
manufacturing process, superior performances than traditional
cement.
Hoffmann Green has two production units powered by a fleet of
solar trackers on the Bournezeau site: a 4.0 plant and H2, the
world's first vertical cement plant, which was inaugurated in May
2023. A third plant will be built at the major port of Dunkirk in
2024-2025, bringing total production capacity to 550,000 tonnes a
year, or 3% of the French market. The Group has developed a genuine
technological breakthrough based on the modification of cement
composition and the creation of a cold manufacturing process, 0%
clinker and low energy consumption, making it a leading and unique
player in the cement market, which has not changed for 200
years.
Within the context of the climate emergency and energy price
inflation, Hoffmann Green Cement is thus actively participating in
the energy transition by producing a clean cement that consumes 10
to 15 times less energy than a Portland cement, by working to
create eco-responsible buildings and by encouraging the circular
economy and the preservation of natural resources. Thanks to its
unrivaled technological know-how that is constantly improving,
driven by effective and cutting-edge teams, Hoffmann Green Cement
Technologies addresses all construction sector markets, both in
France and abroad.
Hoffmann Green was chosen as one of the 20 French green
start-ups in 2022 as part of the French Tech Green20 programme, run
by Mission French Tech in partnership with the French Ministry for
Ecological Transition. In June 2023, the company was selected as
part of French Tech 2030, an ambitious new support programme run by
La Mission French Tech alongside the General Secretariat for
Investment (SGPI) and Bpifrance.
The company is continuing to expand internationally, signing
contracts in the UK, Belgium, Switzerland and recently Saudi
Arabia.
For further information, please go to:
www.ciments-hoffmann.com/
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version on businesswire.com: https://www.businesswire.com/news/home/20231212496404/en/
HOFFMANN GREEN CONTACTS
Hoffmann Green Jérôme Caron Chief Financial Officer
finances@ciments-hoffmann.fr +33 2 51 460 600
NewCap Investor Relations Thomas Grojean Quentin Massé
ciments-hoffmann@newcap.eu +33 1 44 71 94 94
NewCap Financial Media Relations Nicolas Merigeau Antoine
Pacquier ciments-hoffmann@newcap.eu +33 1 44 71 94 98
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