Hoffmann to Build Four Clinker-Free Cement Plants
Hoffmann Green Cement Technologies (ISIN: FR0013451044, Ticker: ALHGR) ("Hoffmann Green Cement" or the "Company"), an industrial player committed to reducing carbon emissions in the construction industry that designs and markets innovative clinker-free cements, has announced the signing of an agreement with Shurfah Holding. The agreement defines the main points of an exclusive licensing contract to construct four Hoffmann units in Saudi Arabia.
In 2022, Hoffmann Green and Shurfah Holding signed a preliminary letter of intent to a test phase which enabled Hoffmann clinker-free cement to be experimented in Saudi Arabia and the production process to be assessed locally. Following these tests, which were highly successful, the two entities decided to accelerate their collaboration by concluding an agreement defining the main points of a licensing contract which will be signed in the next few weeks.
The licensing agreement will result in the construction of four Hoffmann plants in Saudi Arabia, which will be built on the same model as H2, Hoffmann Green's second production unit inaugurated last month in Bournezeau (Vendée, North-West of France).
These plants will be funded and operated by Shurfah Holding, which will market Hoffmann Green clinker-free cement in Saudi Arabia. The first plant will be constructed in Riyadh. In exchange for this industrial and technological transfer, Hoffmann Green will receive royalties generated by this licensing model.
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