Green Transition: Morocco signs MoU with Belgian Solvay group

Belgian group Solvay, specializing in chemicals, will increase its investments in Morocco to support the green transition of various sectors, in particular automotive and aeronautics and renewable energies under a Memorandum of Understanding it signed with the Moroccan Ministry of Industry and Trade.

The Belgian group will increase its investments in Morocco to support the green transition of various sectors, and support the group’s integration into the national ecosystem in various sectors, in particular that of renewable energies.

According to Solvay CEO Ilham Kadri, this partnership will allow the group to strengthen its collaboration with Moroccan companies in the field of energy transition as part of its carbon neutrality objective, but also to make Morocco a partner of choice on the international scene in the energy sector.

“We are committed to achieving carbon neutrality by 2050 for ourselves, but also for our customers. Morocco is today a great platform for the automotive ecosystem and we are a world player for battery membranes for electric and hybrid vehicles. We are also in the aviation ecosystem and we will see in the coming days how we can integrate into this ecosystem,” said Ilham Kadri in a statement to news outlet Le360.

The group, which also manufactures electrolysis membranes and fuel cells, is interested in developing a partnership with Morocco in the field of green hydrogen, underlines the CEO of Solvay, noting that Morocco is well placed to become one of the most competitive countries in this sector.

An official of the Minister of Industry told le360 that the objective of the MoU is to support Solvay in the context of its investments in Morocco, in several identified business sectors based on the development of natural resources, in particular biotechnology, chemistry, new energies and new mobility systems.