OCP and IFC partner on phosphogypsum storage and valorization project in Jorf Lasfar

OCP Group and the International Finance Corporation IFC, a member of the World Bank Group, are finalizing a new financial partnership focused on the responsible management of phosphogypsum PG, a byproduct of converting phosphate into phosphoric acid. OCP has been exploring innovative valorization options for phosphogypsum, including applications in agriculture, road construction, and building materials, to diversify its portfolio and sustainably manage waste within a circular economy framework. The new project involves constructing a land-based phosphogypsum storage facility with a capacity of up to 22 million tons and a height of 60 meters at OCP's fertilizer production site in Jorf Lasfar. The total project cost is estimated at approximately 190 million euros. The IFC plans to finance this project with a Type A loan of up to 95 million euros, representing half of the total amount. The project is expected to be submitted for approval to the institution's board of directors on May 11, 2026. The IFC stated that the project's main objective is to store phosphogypsum, paving the way for future valorization options that could enhance resource preservation and strengthen the competitiveness of the fertilizer industry. This engagement also includes an advisory component to develop viable economic pathways for valorizing this byproduct. This new project is part of a broader partnership between OCP and the IFC, initiated in 2021, which focuses on developing sustainable food systems i