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Masdar Energy to Open a Plastics-treatment Facility in Morocco.


A plastic waste recovery and treatment facility has been opened by Masdar Energy, a renewable energy firm based in the United Arab Emirates, as part of an expansion of its operations in Morocco.According to a news source, the industrial project will be located in the Rabat region, focus on the treatment and recovery of plastic trash and be developed by one of Masdar's subsidies.

The project will create more than 200 direct and indirect jobs with a total investment of MAD 100 million ($10 million).The company's primary focus prior to this initiative was producing green electricity.

Along with the French company EDF Renouvelables and the Moroccan company Green of Africa, Masdar Energy had also taken part in the Noor Midelt I project.

Although Masdar's present initiative in Morocco falls short of its original goals, it is nonetheless incredibly important because it marks the company's introduction into the Moroccan market.With Angola, Uganda and Zambia, Masdar has recently been actively involved in establishing memorandums of understanding.

The agreements are meant to encourage cooperation in the creation of projects for the production of electricity using renewable resources. Masdar has collaborated with SOCAR, the government-owned distributor of petroleum products in Azerbaijan, to make investments in projects utilising green hydrogen.

Masdar, a global pioneer in sustainable development and renewable energy, was founded in 2006 and is frequently referred to as Abu Dhabi's "energy company of the future."

It aims to support the diversification of the UAE's economy and energy sources for the benefit of coming generations while assisting the country in maintaining its leadership in the world energy market.


Source : www.dxbnews.com
Posted on :7/17/2023