HomeEconomyBenchaâboun highlights the role of large companies

Benchaâboun highlights the role of large companies

The managing director of the Mohammed VI Fund for Investment, Mohamed Benchaâboun, highlighted, on Wednesday in Rabat, the fundamental role of large public and private companies in accelerating the development of the chemical industry in Morocco.

Speaking at the opening of the 1st International Forum of Chemistry, Benchaâboun insisted on the role of large companies and this, by acting on five levers for the chemical industry in Morocco, namely the growth of competitiveness and internationalization, vertical integration of industrial sectors through the production of inputs by the chemical industry, research and development (R&D) for new processes, the transition to green chemistry and the development of synergy between industry and chemical operators.

In addition, he focused on the challenges of Chemistry, a key sector for the Moroccan economy and which constitutes the cornerstone of many industrial sectors, in particular that of the transition to green chemistry, explaining that the chemical industry is increasingly turning to sustainable and environmentally friendly practices, and that operators in the sector seek to reduce their carbon footprint, minimize waste and develop cleaner production processes.

The challenges also include digitization and the massive use of new technologies, the constant search for new materials and new applications, the evolution of regulations, particularly environmental and safety, as well as collaborations and partnerships on which the chemical industry is increasingly focused. For his part, the industrial director of the OCP Group, Abdelaziz El Mallah, returned to the history of chemistry in Morocco which dates back to antiquity and the first commercial exchanges of chemical products carried out through the caravans which crossed the country. During the 20th century, Morocco began to develop its chemical industry and experienced the emergence first of the industrial sectors of textile production or petrochemicals to then expand its chemical activity to include products such as medicines, cosmetics, foodstuffs, plastics and paint.

As for the OCP, El Mallah said that from 2010, the group has set the objective of getting closer to the end customer, namely the farmer. Building on the success of its transition to a player that produces and markets customized fertilizers, the group has thus been able to create a shift in the country’s chemical industry to create in 2022, a new entity dedicated to chemistry aimed at developing new technologies that enhance the different chemical elements of phosphate rock, he argued.

For his part, the German Ambassador to Morocco, Robert Dölger highlighted the German chemical sector, stating that it represents 8% of exports and 5% of German direct investment in foreign.

Furthermore, he noted that the chemical industry in Morocco, which is one of the most promising sectors in industrial development, plays an important role, particularly in the production of renewable energy, welcoming the efforts made by the executive to attract investors. Held at the initiative of the Federation of Chemistry and Parachemistry, in partnership with the Ministry of Industry and Trade, the Moroccan Agency for the Development of Investments and Exports (AMDIE), OCP, the Confederation general enterprise of Morocco (CGEM), the Moroccan Association of Exporters (ASMEX), the Moroccan Federation of Pharmaceutical Industry and Innovation and the Moroccan Federation of Plastics, this forum is placed under the sign of the emergence of a national industry favoring a promising business dynamic capable of tending towards true national industrial sovereignty.

This meeting, spread over two days, is thus intended to be an interactive space for the exchange of ideas and experiences, in order to allow participants to weave and consolidate their business relationships, while prospecting new prospects for win-win partnerships. winner at the inter-African and international levels. Structured in plenary sessions, Keynotes and panels for reflection and debate, the Forum addresses the main themes and axes of analysis focusing the centers of interest of both professionals, public actors concerned as well as national and international experts. .

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