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QatarEnergy and Koch Fertilizer Seal Landmark 15-Year Urea Supply Deal

QatarEnergy and Koch Fertilizer Seal Landmark 15-Year Urea Supply Deal

28 May 2024

QatarEnergy and Koch Fertilizer have inked a significant 15-year agreement to supply up to 0.74 million tons per annum (MTPA) of urea annually, starting this July. This partnership reinforces Qatar's position as the world’s second-largest urea exporter and will greatly support the US agricultural sector and international markets.

Saad Sherida Al-Kaabi, CEO of QatarEnergy, emphasized that this agreement marks a crucial step in advancing synergy and fostering mutual growth. Mark Luetters, Senior VP of Koch Industries, praised the long-standing partnership, highlighting its alignment with Koch Fertilizer’s vision. With Koch’s extensive distribution network spanning North America, Brazil, Australia, and beyond, this collaboration enhances both companies' global reach.

Additionally, QatarEnergy’s innovative Blue Ammonia project, set to launch in 2026, underscores their commitment to sustainable energy and carbon capture solutions. This groundbreaking project in Mesaieed Industrial City will produce 1.2 million tonnes annually, making it the largest of its kind.

AFRIQOM Market Reporter

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