Hoffmann Green signs its first licensing contract in Saudi Arabia with the Shurfah Group to support the decarbonisation of the country’s construction sector
5 September 2023
In addition to this first plant, the aim of this contract is to duplicate several H2 plants in 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, which is being driven by numerous Smart Cities projects. Through their future plants, Hoffmann Green and Shurfah aim to support the decarbonisation of Saudi Arabia’s construction sector and help the country accelerate its path towards carbon neutrality.
- Exclusive contract on Saudi territory for 22 years
- Construction of the 1st Hoffmann vertical plant in 2024
- Business model including an entry fee and royalties
- Ambition to duplicate several plants in Saudi Arabia