Hoffmann Green signs a preliminary agreement with a partner for a licensing contract in Florida

As part of the Inflation Reduction Act (IRA), a major US$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 decarbonising 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 31 March 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 US."

Read the article online at: https://www.worldcement.com/the-americas/21122023/hoffmann-green-signs-a-preliminary-agreement-with-a-partner-for-a-licensing-contract-in-the-us-state-of-florida/