FIDEtechnology Aims to Revolutionize the Industry with Low Carbon Emission Cement

FIDEtechnology, a startup based in Madeira, Portugal, created in 2020, is set to revolutionize the cement and construction industry. The company has developed a prototype that enables the production of new cement mixtures with significantly lower carbon dioxide (CO2) emissions. This prototype can reduce CO2 emissions by 50% and has a production capacity of 150 kilograms of cement per hour.

The startup recently announced the sale, installation, and operation of its first Low Carbon Mill (Moinho LC) prototype to a research institute in Switzerland. This development addresses a critical challenge in the cement sector, offering a more economical and energy-efficient solution for producing finer cement particles.

The prototype was tested at EPFL, a research institute in Lausanne, Switzerland. The Swiss research institute requested the prototype, and the machine was delivered in December 2023.

FIDEtechnology's innovation is well-received in the industry, and the company is now working on scaling the prototype to a size ten times larger. The director of FIDEtechnology, Gary Heath, mentioned that they have already received three letters of intent from companies interested in acquiring this larger machine.

The company has also applied for European Horizon Europe funds to produce an industrial-sized machine. The application requests a total mixed financing of 6.4 million euros, including a 2.4 million euros grant from the 'European Innovation Council (EIC) Accelerator' and a 4 million euros 'equity invest' from the 'EIC Fund'.

FIDEtechnology's innovation has a patent in Europe and is currently applying for patents in the United States, Canada, Mexico, Brazil, and India. The expansion plan includes Madeira, Portugal, Europe, North and South America, Africa, the Middle East, and Asia.

For more information, visit the original source at Jornal Económico.