- Exclusive 22-year contract in Saudi Arabia
- Construction in 2024 of the 1st vertical Hoffmann
plant
- Business model including an entry fee and royalties
- Ambition to duplicate several plants in Saudi
Arabia
Regulatory News:
Hoffmann Green Cement Technologies (ISIN: FR0013451044, Mnemo:
ALHGR) (Paris:ALHGR) ("Hoffmann Green Cement" or the "Company"), an
industrial player committed to the decarbonation of the
construction sector that designs and markets innovative
clinker-free cements, announces the signature with the Shurfah
Group of a 22-year exclusive licensing agreement in order to build
several Hoffmann Green units in Saudi Arabia to support the
decarbonation of the construction sector in this territory.
An exclusive 22-year licensing agreement to benefit from
Hoffmann Green's clinker-free technologies and replicate a first
plant based on H2 vertical model in Saudi Arabia
The Shurfah Group, a Saudi conglomerate with over 13,800
thousand housing units and more than 6 billion riyals of
investments, has signed a 22-year licensing agreement to finance,
build and operate Hoffmann Green production units. The agreement
was also signed to market Hoffmann Green carbon-free cements
exclusively throughout Saudi Arabia. A first clinker-free cement
plant will be built in 2024 in Saudi Arabia, and it will be a
replica of H2.
The engineering and production process will be carried out by
IBAU Hamburg, the German general contractor with whom, as a
reminder, Hoffmann Green signed an exclusive partnership agreement
in June 2022 to support the construction of Hoffmann units
worldwide. This and all subsequent vertical units will be built
entirely with Hoffmann Green cement.
In return for the industrial and technological transfer and this
exclusivity, Hoffmann Green will receive from Shurfah an entry fee
and fixed and variable annual royalties based on sales generated by
the marketing of Hoffmann cements in Saudi Arabia.
The aim is to support the ecological transition of the Saudi
construction sector by setting up several vertical plants producing
Hoffmann Green cement.
Beyond this first plant, the aim of this contract is to
duplicate several H2 plants throughout Saudi Arabia. As part of its
"Vision 2030" national plan for economic transformation, Saudi
Arabia has made the ecological transition a development priority,
particularly in the large and booming construction market driven by
the numerous Smart Cities projects. Thanks to their future plants,
Hoffmann Green and Shurfah aim to support the decarbonation of
Saudi Arabia's construction sector and help the country to
accelerate its trajectory towards carbon neutrality.
Julien BLANCHARD and David HOFFMANN, Co-founders of Hoffmann
Green Cement Technologies, said: "Just few weeks after signing
a pre-agreement, we have given concrete expression to our
commitment by signing this licensing contract with Shurfah, a major
player in the Saudi Arabian construction industry. After
Switzerland and the United Kingdom, we are continuing our
international deployment with the aim of supporting, through this
new contract, the kingdom's ambitious "Vision 2030" project and
participating in the decarbonization of their construction industry
through the construction of several of our units on their territory
and the marketing of our 0% cement clinker."
Abdullah Al Majed, Founder and Chairman of Shurfah Holding,
specifies: "Saudi Arabia has announced that it is aiming for
carbon neutrality by 2060. In order to meet its ecological
ambitions, Shurfah is striving to contribute to the sustainable
development of the Saudi economy and the realization of Vision
2030. In this context, we are proud to be associated with Hoffmann
Green, which will enable us to build our future sites in a
sustainable manner. The construction of the first vertical plant in
2024 is just the beginning before, we hope, the duplication of
several units throughout the country."
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/
ABOUT SHURFAH
An extension of the family’s historical legacy in real estate
development since 1944 whose real estate exceeded 13,800 thousand
units and more than 6 billion riyals of investments. In the past
few years, Mr. Abdullah Al Majed has diversified Shurfah in line
with the Kingdom’s 2030 vision to reach 40+ companies under the
holding investments. In addition to the core business in Real
Estate Shurfah is expanding its activities to the strategic sectors
of Sustainability Industries Financial Services and Education.
Shurfah’s vision is to contribute to the sustainable development
of Saudi Arabia Economy and the realization of vision 2030 by
building a conglomerate of market leading enterprises.
Shurfah’s aim to build a portfolio of sustainable investments,
capitalizing on our focused sector approach, long term partnerships
and strong team experience.
Shurfah strives to build shareholder value, mindful of our
social, economic, and environmental responsibilities. Shurfah’s
Brand is having a current market value of 692 million Saudi
Riyals.
For further information, please go to:
https://shurfah.com.sa/eng/
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230904317881/en/
Hoffmann Green Jérôme Caron Chief Financial Officer
finances@ciments-hoffmann.fr +33 2 51 460 600
NewCap Investor Relations Pierre Laurent Thomas Grojean
Quentin Massé ciments-hoffmann@newcap.eu +33 1 44 71 94 94
NewCap Media Relations Nicolas Merigeau Antoine Pacquier
ciments-hoffmann@newcap.eu +33 1 44 71 94 98
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