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TunisiaEBRD loan to Morocco’s Multisac SA to fund green investments
The European Bank for Reconstruction and Development (EBRD) is backing the development of the packaging industry in Morocco with a €15 million loan in local currency to Multisac SA.
The funds will support the introduction of biaxially oriented polypropylene films to the company’s product range. These are reusable and recyclable flexible packaging films that have a low carbon footprint.
The Bank’s investment will also finance the construction of a new green manufacturing plant, complete with Building Research Establishment Environmental Assessment Method (BREEAM) certification, and the expansion of Multisac’s bag production capacity from 220 million to 250 million units annually.
The EBRD’s loan is back by a European Union (EU) guarantee through the European Fund for Sustainable Development (EFSD), which focuses on sustainable investments in green infrastructure, logistics chains, energy efficiency and green technology transfers in industrial processes. In addition, the EU will support the project with technical cooperation.
Countries covered:
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Morocco
