Fluoralpha, a subsidiary of INNOVX, has reached a pivotal milestone in its development. The company has secured funding of 1 billion dirhams from Bank of Africa, aimed at supporting the realization of a major industrial project in Jorf Lasfar, with a total investment of 2.5 billion dirhams.
Founded in 2023, Fluoralpha aims to transform Morocco into a global hub for fluorinated products by harnessing fluorine derived from phosphate rocks. The project includes two production units:
- 20,000 tons/year of anhydrous hydrofluoric acid (AHF), used primarily in fine chemistry, semiconductors, and lithium-ion batteries.
- 28,000 tons/year of aluminum fluoride (AlF₃), a key input for the global aluminum industry.
These strategic materials are essential for rapidly growing sectors: electric batteries, sustainable mobility, advanced electronics, and specialty chemicals.
For Jalil Skali, CEO of Fluoralpha, this funding “symbolizes the confidence placed in our vision and our ambition to make Morocco a key player in energy and technological transition.” For its part, Bank of Africa reaffirms its commitment to supporting structuring projects that strengthen the Kingdom’s industrial and energy sovereignty.
In addition to hydrofluoric acid and aluminum fluoride, Fluoralpha is also developing the production of synthetic calcium fluoride (CaF₂) to diversify global supply sources and reduce dependence on limited natural deposits.
This project illustrates the strategy of INNOVX, a catalyst for innovative industries initiated by Mohammed VI Polytechnic University (UM6P), which aims to build sustainable and competitive sectors in key areas: energy, agriculture & water, and chemistry.
With this initiative, Fluoralpha is not only industrializing a co-product of phosphates but also positioning Morocco at the heart of global value chains related to electric mobility, energy storage, and advanced technologies.