US: Hoffmann Green Cement Technologies has announced a further extension of its licensing agreement in the US with its partner Hoffmann Green USA, originally signed in July 2024, following the exercise of an option involving an additional €10m entry fee. The latest extension expands Hoffmann Green USA’s exclusive licensing rights to cover 25 states in the western US. In return for the industrial and technological transfer and the exclusivity granted in these new territories, Hoffmann Green Cement Technologies will receive an additional €10m entry fee. This is in addition to the €10m already paid for earlier option exercises covering eastern states.
Under the terms of the licence agreement, Hoffmann Green USA is also required to pay fixed and variable annual royalties, calculated on the basis of revenues generated from the sale of Hoffmann Green cement in the licensed territories. The agreement further allows Hoffmann Green USA to sublicense Hoffmann Green production units in the newly covered states, creating an additional potential growth driver. Discussions are reportedly underway with several potential sublicensees.