Agreement, starting in July, stipulates supply of up to 0.74mn tonnes per year of urea

QatarEnergy signed a long-term urea supply agreement with Koch Fertiliser, a leading US-based fertiliser producer and supplier.

The 15-year supply agreement, starting in July this year, stipulates the supply of up to 0.74mn tonnes per year (MTPY) of urea to Koch Fertiliser.

Under this agreement, urea of Qatari origin will be supplied into the agricultural sectors of the US and other international markets.

HE the Minister of State for Energy Affairs and the President and CEO of QatarEnergy Saad bin Sherida al-Kaabi 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 Fertiliser. This agreement marks a significant step in advancing synergy and co-operation and fostering mutual growth and value for both sides.”

On his part, Mark Luetters, senior vice-president of Koch Industries and president of Koch Fertiliser said: “QatarEnergy has been a cherished partner of Koch Fertiliser for more than a decade and we are thrilled to cement our mutually beneficial relationship for years to come. The agreement aligns with Koch Fertiliser’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 fertiliser industry and its commitment to support the global agricultural sector.

Koch Fertiliser is a subsidiary of Koch Industries with fertiliser plants in North America, Trinidad and Tobago, and Morocco; with distribution facilities and terminals located in the US, Canada, Mexico, Brazil, Australia, and other international markets.

Qatar is the world’s second largest exporter of urea, with QatarEnergy’s affiliate, Qatar Fertiliser Company (Qafco) being the world’s largest integrated single-site producer of urea and ammonia.