Morocco’s OCP Group is set to secure a $95m loan from the International Finance Corporation to build a large-scale phosphogypsum storage facility at Jorf Lasfar, as the company steps up efforts to manage one of its most challenging industrial byproducts.
The project, expected to cost around $190m, will create a land-based storage unit with a capacity of up to 22 million tonnes, according to details released ahead of IFC board consideration scheduled for May.
Phosphogypsum is the main waste product generated when phosphate is processed into phosphoric acid, and has long posed both environmental and industrial challenges.
OCP has increasingly framed it as a potential resource rather than a liability, exploring uses in agriculture, construction materials and road building.
The new facility is designed to create the conditions for future reuse at scale, turning accumulated byproducts into inputs for other sectors while reducing environmental pressure at production sites.
The IFC said the financing would support a first step towards that shift, helping improve resource management and potentially strengthening the competitiveness of Morocco’s fertilizer industry if reuse pathways prove viable.
The project sits within a wider partnership between OCP and the World Bank’s private sector arm, which has expanded in recent years to include renewable energy, green fertilizer production, and sustainable food systems across Africa.
It also ties into OCP’s $13bn investment plan through 2027, which aims to decarbonize operations and build a more circular industrial model by producing low-carbon ammonia, hydrogen, water, and power internally.
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