The financing will support its flagship project in Jorf Lasfar, which requires a total investment of around MAD 2.5 billion (USD 280 million). “Our ambition is clear: to establish Morocco as a global hub for fluorine products, serving both the energy and technology transitions,” Skali added. Bank of Africa said the agreement reflects its commitment to support sustainable industrial projects in Morocco. “We are proud to support Fluoralpha in making this strategic project a reality,” said Khalid Nasr, executive general manager of the bank. INNOVX, a subsidiary of Mohammed VI Polytechnic University (UM6P), was created to build sustainable businesses and ecosystems in Morocco and Africa.