Hoffmann Green Cement Technologies 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.
