Cemvision Listed One of Fast Company’s Top 10 Most Innovative in 2024
Cemvision is recognized by Fast Company’s annual list of the Most Innovative Companies, a title shared with industry leaders like Nvidia, OpenAI, and Microsoft. In its category, Cemvision is named one of the top 10 innovators for “industrializing a circular method of cement production”.
Cemvision has earned a spot on Fast Company’s prestigious list which annually identifies companies that significantly impact society through innovation and remarkable milestones. Cemvision’s inclusion in the Urban Development and Real Estate category as one of top 10 influencers underscores its commitment to reshaping the built environment with its cutting-edge Re-ment- the carbon-free and circular cement alternative.
“We are very proud to be picked up by Fast Company as one of the top innovators in our field. It is very satisfying to see increasing awareness around the challenges of the construction industry, and even more so to see our innovation acknowledged as a game-changer - not only to the industry but to society as a whole”, says Oscar Hållén, CEO of Cemvision.
Fast Company reported on the challenges faced by the real estate sector during last year, characterized by financial insecurities that threatened to hamper the innovation and design of our cities. Against this backdrop, Cemvision was recognized for its pioneering efforts by industrializing a circular method of cement production.
Fast Company remarks “Swedish firm Cemvision has devised a cement process utilizing industrial by-products from steelmaking and mining—basically recycled industrial waste—instead of virgin limestone. This not only makes the process more circular, it also cuts down on the emissions released from the traditional process of heating limestone. It makes cement-mixing much more energy-efficient, too—it can electrify the heating production process via plasma technology or hydrogen instead of having to rely on polluting fossil fuel for industrial heat.”
However, the challenges extend beyond real estate to all construction projects where cement is used through its uptake in concrete. Today, cement production is responsible for 8% of global carbon emissions, making it one of the most polluting industries worldwide. The urgency to address this issue is compounded by projections that approximately 75% of the infrastructure needed by 2050 has yet to be built, along with 40% of new buildings.
These figures highlight the significant environmental challenges facing the entire construction industry, as well as the need for innovative disruption. Cemvision's pioneering approach, as Fast Company noted, involves creating a new formula for cement binders that eliminates the need for “Carbon Capture and Storage” (CCS) technology. In this way, Cemvision’s cement reduces emissions by 95% compared to traditional Portland cement, and offers a less energy-intensive and more cost-effective solution.
“If we are truly committed to reaching our climate goals, we must significantly lower our CO2 emissions across the board. As a climate-first company, we have developed a cement that not only significantly reduces emissions but also enhances resource and energy efficiency. Our distinctive advantage is that our technology is market-ready and can start making a positive impact today”, remarks Hållén, CEO.
About Cemvision
Cemvision offers an alternative to traditional Portland cement, reducing CO2 emissions by over 95% while maintaining durability and performance. It is produced using raw materials recycled from industrial waste and kilns powered by green energy at much lower temperatures. Cemvision's cement achieves early strength up to 5 times faster than Portland cement, enabling increased productivity. The company was founded by three experienced leaders from major global cement giants.
About Fast Company
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at Fastcompany.com.
