QatarEnergy has entered into a 15-year agreement with Koch Fertilizer LLC, a major U.S.-based fertilizer producer. The deal, set to commence in July 2024, involves the supply of up to 0.74 million tons per annum of urea. This urea will be sourced from Qatar and distributed to agricultural sectors in the United States and other international markets.
His Excellency Mr. Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and President and CEO of QatarEnergy, commented on the agreement: “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, expressed his satisfaction: “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 contract underscores QatarEnergy’s strategy to forge enduring partnerships within the fertilizer industry while supporting global agriculture. Koch Fertilizer LLC operates as a subsidiary under Koch Industries, maintaining fertilizer plants across North America, Trinidad and Tobago, Morocco; along with distribution facilities in various countries including the U.S., Canada, Mexico, Brazil, Australia.
Notably, Qatar ranks as the second largest exporter globally of urea. QatarEnergy’s affiliate QAFCO holds the distinction as the largest integrated single-site producer worldwide for urea and ammonia.
