Hoffmann Green signs its first licensing contract in Saudi Arabia with the Shurfah Group to support decarbonization of the country’s construction sector
5 September 2023
Beyond 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 is making the ecological transition a development priority, particularly in the large and booming construction market driven by the many Smart Cities projects. Thanks to their future plants, Hoffmann Green and Shurfah aim to support the decarbonization of Saudi Arabia’s construction sector and help the country accelerate its trajectory towards carbon neutrality.
- Exclusive 22-year contract on Saudi territory
- 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