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New machine for a Moroccan SME specialized in producing optical lenses.

Investor
BIOLENS LAB
Location
Mohammedia, Morocco
Investment
Modernization of a lens production machine
Investment Size
€ 272,907.96
Financial results
Payback period: 3 years and 3 months
Energy savings
3,51 MWh per year
CO2 savings
2,01 TCO2 per year
Impact
Improvement of the company's competitiveness /Reduction of energy consumption.
Donor
EU, GCF, KTACA, and EBRD SSF.

Modernization of a lens production machine.

BIOLENS LAB is a Moroccan SME specialized in the production of soft lenses in Hydrogel and Silicone Hydrogel, both therapeutic and prosthetic, as well as the distribution of health solutions and medical equipment. The current process for manufacturing ocular lenses is based on an old machine, which dates to 2013 and has a production capacity of 42,000 lenses per year.

As part of the expansion, BIOLENS LAB has invested in a new contact lens manufacturing machine to enhance the company’s competitive position through the automation of the production process, enabling not only an increase in production capacity to 62,000 lenses (48%) per year but also a reduction in specific energy consumption compared to the baseline. This investment enabled the company to become more competitive by producing more efficiently and reducing its greenhouse gas emissions and minimizing losses.

This new investment benefiting from technical assistance and financing provided by Green Value Chain, has reduced annual electrical energy consumption by 3.51 MWh and CO2 emissions by 2.01 TCO2/year and increased production capacity by 48 % per year.

Green Value Chain (GVC) in Morocco is a credit facility of the European Bank for Reconstruction and Development (EBRD) to provide funding to local partner financial institutions for on-lending to Moroccan SMEs belonging to agribusiness, processing industries and logistics value chains and ecosystems. Supported by the European Union, the Green Climate Fund (GCF), the Korean Technical Assistance and Cooperation Account (KTACA) and the EBRD Shareholder Special Fund (EBRD SSF), the facility aims to improve competitiveness of SMEs and that of their value chains and ecosystems through highly efficient green investments.

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