enfr

Acquisition of new twisting machines for twine and rope

Investor
MULTISAC
Location
Bouznika, Morocco
Investment
New twisting machines for twine and rope.
Investment Size
491,700 €
Financial results
Return on investment: 2.12 years
CO2 savings
1,786.89 T eq CO2 per year
Impact
Competitivity/CO2 savings
Donor
EU – GCF – EBRD

Acquisition of twisting machines for twine and rope

Multisac, a Moroccan company specialising in the production of woven polypropylene bags, recognises the importance of recycling production waste both to boost its competitiveness and to protect the environment. With this in mind, Multisac planned to undertake initiatives to invest in production waste recycling tools, focusing mainly on plastics recycling, and applied to the Green Economy Financing Facility II (GEFFII) for funding and technical assistance.

The investment consists of twisting and twisting machines for string production, part of a recycling line to recycle production waste. As a result of this investment, the capacity of this plastic recycling line will increase considerably, enabling it to efficiently process up to 6 tonnes of plastic per day, representing around 1,920 tonnes per year. This significant increase in capacity will optimise the use of resources and reduce the amount of plastic waste that would otherwise be sent to landfill.

Thanks to technical assistance and GEFF funding for this new investment, the company has been able to create new job opportunities in waste collection and sorting, while guaranteeing productivity gains.

This investment demonstrates the company’s commitment to sustainability and reinforces its position as a responsible player in waste management and environmental protection. In addition, it contributes to a significant reduction in greenhouse gas (GHG) emissions of around 1,786.89 teq CO2 each year.

Green Economy Financing Facility (GEFF) in Morocco is a green economy financing program, implemented by the European Bank for Reconstruction and Development (EBRD), will provide financing to Moroccan private enterprises through local financial institution partners. Supported by the European Union (EU), the Green Climate Fund (GCF). It will enable local companies to invest in green technologies, reduce their costs through climate adaptation measures, energy efficiency and renewable energy technologies.