OCP: Mega Project for the Storage and Valorization of Phosphogypsum in Jorf Lasfar with Support from the IFC
OCP Group Moves Toward New Financial Partnership with IFC for Phosphogypsum Management Project
The OCP Group is set to conclude a new financial partnership with the International Finance Corporation (IFC), a member of the World Bank Group, to undertake a significant project focused on the management of phosphogypsum in Jorf Lasfar.
The IFC plans to provide a loan of approximately €95 million as part of a project valued at €190 million.
A High-Capacity Storage Unit
The project entails the construction of a land-based phosphogypsum storage facility with a capacity reaching up to 22 million tons at the Jorf Lasfar industrial site, featuring an estimated storage height of 60 meters.
This infrastructure aims to enhance the management of this industrial by-product generated from the conversion of phosphate into phosphoric acid.
A Strategy Centered on the Circular Economy
For several years now, phosphogypsum has been the focus of a valorization strategy led by OCP, which seeks to transform this waste into a valuable resource across various sectors, including agriculture, construction materials, and road infrastructure.
Thus, this project aligns with the principles of circular economy and sustainable development.
An Expanded Partnership with the IFC
This new funding is an addition to the broader cooperation between OCP and the IFC, which began in 2021. This collaboration focuses on projects related to sustainable food systems in Africa, renewable energy, the production of green fertilizers, and gender equality initiatives.
A Sustainable Industrial Vision
OCP’s investment program, estimated at $13 billion for the period from 2023 to 2027, aims to bolster the production of clean energy, water, and low-carbon fuels, while consolidating an industrial model based on sustainability and resource optimization.
