Clementina is an agribusiness company specializing in production and export of citrus products. The company was facing challenges due to the energy market liberalization and increased competition and costs.
Energy efficiency measures in a citrus production company
To reduce energy consumption and improve performance, the company decided to modernise its production facilities. This strategy aims to increase the company’s competitiveness, augment its market position, while promoting a positive, environmentally friendly brand image.
Upon financing application, the MorSEFF team supported Clementina with analysis and advice on the proposed technology, potential of energy savings, financial-technical parameters and profitability of the project.
The final project consisted of upgrading the cold storage room equipment with the latest generation of chillers. The new chiller compressors are of screw type and are equipped with head pressure floating, electronic expansion valve and adiabatic cooling.
The €693,746 investment allowed the company to improve its storage capacity and reduce its energy consumption by 22.5 per cent, which leads to substantial cost savings. The investment will be repaid out of energy savings in just three years, turning the future cash-flows into company's income for the years to follow. This latest generation of compressors is a technology rarely used in Morocco and for Clementina it is only the initial phase of implementing a wider investment plan to replace old and energy-intensive equipment.
This project demonstrates that investments in energy efficiency are profitable and lead to enhanced company's financial standing.
21 Apr 2015