Fluoralpha raises $110M from Bank of Africa to build a facility for converting phosphate waste into materials for EV batteries and chips.

Oct 02, 2025•4 days ago

Amount Raised

$110 Million

Jorf LasfarOil And GasManufacturing

Investors

Bank Of Africa

Description

Fluoralpha, a spinout of Mohammed VI Polytechnic University, has secured over $110 million to establish a large-scale facility for converting hexafluorosilicic acid into fluorine-based materials. The project is part of a broader $280 million investment plan aimed at producing vital materials for the semiconductor and lithium battery industries. CEO Jalil Skali highlighted the importance of this initiative in positioning Morocco as a key player in the green and digital industries. The investment aims to supply European gigafactories and enhance local industrial sovereignty.

Company Information

Company

Fluoralpha

Location

Jorf Lasfar, Casablanca-Settat, Morocco

About

Fluoralpha is a spinout of Mohammed VI Polytechnic University (UM6P) focused on transforming phosphate waste into valuable fluorine-based materials for electric vehicles and semiconductor industries. The company aims to build a large-scale facility to produce anhydrous hydrofluoric acid and aluminum fluoride, contributing to Morocco's industrial independence. With significant investment, Fluoralpha aspires to support European manufacturing and promote technological advancement. Their efforts align with Morocco's strategy to leverage its vast phosphate reserves and become a key player in the global materials market.

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