Carbonation lime mud is a by-product formed during the production of sugar in the process of raw beetroot juice purification. On average, during one campaign, over 12,000 tons of carbonation lime mud is obtained in the operation of one sugar production plant. It is stored in prisms, which negatively affects the environment. The chemical properties of carbonation lime mud allow using it as a soil improver. This article presents the results of research into the development of carbonation lime mud disposal technology and its management. The chemical composition and physical properties of waste were determined. It has been proposed to use carbonation lime mud as the basic raw material in the production of mineral–organic fertilizers. Tests were conducted in a disc granulator. The granulated material was wetted with water and aqueous solution of molasses. Carbonation lime mud is a material that is easily subjected to the granulation process, using any wetting liquid. The beds wetted with 33% and 66% solutions of molasses are characterized by a greater homogeneity and smaller size of the obtained product. During experiments in which wetting with water was applied, the product obtained after drying demonstrated low resistance to compression; granules wetted with 33% aqueous solution of molasses demonstrated resistance to compression below 10 N; and granules wetted with 66% aqueous solution of molasses demonstrated resistance to compression above 10 N.