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Home » Economy » Morocco-Based Firm Partners with European Bank on Energy-Efficiency

Morocco-Based Firm Partners with European Bank on Energy-Efficiency

Flexibois, a Morocco-based kitchen furniture manufacturer, is partnering with the European Bank for Reconstruction and Development (EBRD) to make its product offering cost-competitive while also reducing its carbon footprint.

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Aug, 23, 2022
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Morocco-Based Firm Partners with European Bank on Energy-Efficiency

Morocco-Based Firm Partners with European Bank on Energy-Efficiency

Rabat – Flexibois, a Morocco-based kitchen furniture manufacturer, is partnering with the European Bank for Reconstruction and Development (EBRD) to make its product offering cost-competitive while also reducing its carbon footprint.

Through its collaboration with the EBRD, Flexibois would become the first furniture manufacturer to use wood by-products to make furniture.

In addition to using the EBRD’s expertise, the agreement would see Flexibois collaborate with the European Union (EU), the Green Climate Fund (GCF), and the Republic of Korea to reduce its carbon footprint while staying market-competitive.

Production of furniture requires a substantial amount of energy and results in an equally large amount of waste. Partnership with the EBRD would allow the furniture manufacturer to acquire two modern machines equipped with highly efficient electric motors to reduce the environmental impact of the production process.

According to the EBRD, the new machines would help Flexibois bring down energy input by 37%, and reduce emissions by 27 tonnes of CO2 annually. 

Thanks to increased precision from the two machines, Flexibois would equally enhance the safety of its factories for workers while reducing waste, the report adds. 

“We can produce large quantities of goods while also minimizing our energy consumption. In other words, we use less energy now because we don’t need lots of machines to carry out different tasks,” says Aziz Boukhari, Flexibois’ Managing Director.

The EBRD’s partnership with Flexibois is part of the bank’s Green Value Chain (GVC) Morocco credit line, an initiative it launched with its international partners to provide financial support to local small and medium-sized businesses (SMEs) operating in energy and water-intensive manufacturing sectors.

The program aims to support SMEs’ transition into energy-efficient modes of manufacturing.

It also aims to boost gender inclusivity and support women’s access to climate finance, as well as contribute to the emergence of a greener economy.

Read Also: EBRD Invest €19.2 Million in Morocco’s First Green Infrastructure Bond

Tags: EBRDGreen economygreen economy in moroccoindustry
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