(BFM Bourse) – The Vendée company behind a cold cement manufacturing process has just announced the establishment of its third production site at the Grand Port Maritime in Dunkirk. A copy of its H2 site in Vendée, this new production unit called H3 will have a production capacity of 250,000 tonnes per year.
Hoffmann Green announces that it has reached a “key stage in its development” with the signing of a 40-year Temporary Occupation Authorization (AOT) for the Grand Port Maritime de Dunkerque with a view to building its third production site. Called H3, this new plant will be located on a 5-hectare site. “To date, this agreement takes the form of a reservation protocol, Hoffmann Green will thus take possession of the land when the current occupant has finalized its site exit operations”, explains the Vendée company in its press release.
H3 will be the copy of the Vendée site H2 and will therefore have a production capacity of 250,000 tonnes per year. This new production unit will be able to target the French market of Hauts-de-France and Ile-de-France, but also the Benelux market. The start of construction of the H3 plant should begin in the first half of 2023 with delivery scheduled for the end of 2024.
The plant will be built entirely from decarbonated cements without clinker. The latter is a constituent of cement which results from the cooking of a mixture composed of approximately 80% limestone (which provides calcium) and 20% aluminosilicates (in particular clays which provide silicon, aluminum and iron) whose cooking or “clinkerization” is done at 1,450 degrees Celsius. However, the low-carbon cement of the Hoffmann group produces six times less CO2 emissions than traditional cement.
A major contract with Bouygues Immobilier
The announcement comes a week a few days after signing a partnership with Bouygues Immobilier. As part of the collaboration between the two entities, teams from Hoffmann Green and Bouygues Immobilier have carried out specific technical tests on Hoffman Green cements over the past 12 months. At the end of these tests, which proved to be more than conclusive, the two companies decided to accelerate their collaboration with the signing of a partnership contract with volume commitments which includes the entire range of cements from Hoffman.
In 2021, the group marketed 10,124 tons of cement, against a target of 20,000 tons announced in 2020. The group hopes to achieve this target of 20,000 tons this year before selling 550,000 tons of cement per year through three production sites by 2026.
On the stock market, the Hoffmann Green Cement share rose 1% to 16.60 euros around 3:45 p.m. on Monday but was still 34% behind since January 1.
Sabrina Sadgui
©2022 BFM Bourse
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