World Ptx Summit 2020: Morocco Has Innovative Industry – Minister

Rabat- Morocco has an innovative, reactive and resilient industry that is nowadays capable of using renewable and competitive energy, said Tuesday Minister of Industry, Trade, Green and Digital Economy, Moulay Hafid Elalamy.

In a speech during the World Power-to-X Summit 2020 which kicked off in Rabat, the minister stressed that the recovery plan for the Moroccan industry, with its many assets, “has put the decarbonization of the productive fabric as a high priority.”

Convinced of the merits of sustainable development, HM King Mohammed VI has given his high directives to carry out a series of reforms and investments allowing Morocco today to consider transforming its economy and making it, Elalamy said, adding that this royal vision has established the Kingdom as a reference country both in terms of renewable energy development and pure competitiveness.

Morocco now enjoys this major advantage enabling it to provide its operators and investors with clean energy at very competitive costs, he added.

“Although our renewable energies are among the most competitive in the world, a deeper integration of our industry will also require generating competitive and decarbonized energy,” the minister underlined, recalling that Morocco’s industry created more than 500,000 jobs between 2014 and 2019.

With its wind and solar potential, Morocco is well equipped to host large production capacity as part of a complementarity approach that would allow Europe to strengthen its industrial power and Morocco to buttress its position as an industrial base offering its European partners a pool of competitiveness and decarbonized productivity, the minister said.

Held on December 1-3, the World Ptx Summit 2020 is a joint effort between the Moroccan Research Institute for Solar Energy and New Energies (IRESEN) and the Mohammed VI Polytechnic University (UM6P), aiming towards the creation of a regional platform, dedicated to Green Hydrogen and its applications within the whole “Power-To-X” (Ptx) economy.

This platform will trigger high-level discussions and partnerships for a new clean energy era, enabled by the Green Hydrogen opportunities

The event is a must-attend event for policy-makers, industry leaders, research experts and global innovators to discuss PtX in-depth in a variety of high-level panels and sessions.

More than 2,000 people from some 60 countries on five continents have already confirmed their participation in this international summit.