QatarEnergy to Supply Koch with Urea under 15-Year Deal
QatarEnergy signed a long-term urea supply agreement with US-based Koch Fertilizer. The 15-year supply agreement, starting in July 2024, covers up to 740,000 metric tons per year of product.
Saad Sherida Al-Kaabi, the Qatari Minister of State for Energy Affairs and CEO of QatarEnergy, said: “We are delighted to announce the signing of this long-term sales agreement with one of our valued partners, solidifying our longstanding relationship with Koch Fertilizer. This agreement marks a significant step in advancing synergy and cooperation and fostering mutual growth and value for both sides.”
Mark Luetters, senior vice president of Koch Industries and president of Koch Fertilizer added: “QatarEnergy has been a cherished partner of Koch Fertilizer for more than a decade and we are thrilled to cement our mutually beneficial relationship for years to come. The agreement aligns with Koch Fertilizer’s long-term vision and presents an exciting opportunity to better serve our customers.”
This agreement highlights QatarEnergy’s strategy in establishing longstanding relationships with reliable leaders of the fertilizers industry and its commitment to support the global agricultural sector.
Koch Fertilizer is a subsidiary of Koch Industries with fertilizer plants in North America, Trinidad and Tobago, and Morocco. The company has distribution facilities and terminals located in the US, Canada, Mexico, Brazil, and Australia, among others.
Qatar is the world's second largest exporter of urea, and QatarEnergy's subsidiary, Qatar Fertilizer Company (Qafco), is billed as the world's largest integrated single-site producer producer of urea and ammonia.
