Executive Summary
Executive Summary
Executive Summary
Technology/ IP Development/Status/Plans
Technology
The mechanical system's design
phase consists of designing the
mechanical structure, hydraulic
system, and heating system. Individual
mechanical pieces of the machine's
structure, such as the mixing chamber,
cylindrical mold, die, and ram, are all
part of the mechanical system. were
designed uniquely. Stress simulations
were run on each of the mechanical
parts to see if the design specifications
were already adequate.
IP Development
To protect the product's identification,
patent requests shall be made in
compliance with the Philippine
Intellectual Property Code.
Status
In the projected future, the Briquetting
Machine market is expected to rise
significantly. According to industry
estimations, market growth is
expected to range between 6% and
8% CAGR from 2021 to 2031. The
Asia Pacific region is expected to
become a major player in the
briquettes market due to increasing
demand for biomass briquettes
combined with metal briquetting from
the industrial and agricultural sectors.
In addition, government attempts in
the region to introduce renewable
energy sources in countries such as
China, India and Japan have the
potential to make significant progress
in the briquette machine market.
Demand for briquette machines has
also been driven by government
policies and incentives. Markets for
these machines are projected as
biomass is one of the most important
types of renewable energy, as both
developed and developing
governments are focusing on
increasing the use of renewable
energy. Expected to grow rapidly
during the period.
Plans
EcoMachine’s Venture is planning to
developed and upgrade briquette
machine’s control system specifically
on the sensors, switches, fuses and
will use programming model for the
control system such as Ladder
Programming of the PLC. We will also
venture on creating more eco-friendly
machine inclined with our motto “one
step forward through greener planet”.