QatarEnergy and Koch Fertilizer Forge 15-Year Urea Supply Agreement

QatarEnergy has signed a significant 15-year agreement with Koch Fertilizer LLC to supply up to 0.74 million tons of urea per annum, starting in July 2024. This partnership aims to meet the growing demand for urea in the business sectors of the United States and other international markets.

This agreement has significant implications for global food security, as a stable supply of urea is essential for agricultural production. The partnership between QatarEnergy and Koch Fertilizer is expected to have a positive impact on the agricultural sectors of the US and other international markets, contributing to global food security and supporting farmers.

Under the terms of the agreement, QatarEnergy will supply urea of Qatari origin to Koch Fertilizer. This deal underscores QatarEnergy's commitment to providing a stable and reliable supply of this essential fertilizer, ensuring that farmers in the US and other international markets have access to the necessary resources for their agricultural activities.

His Excellency Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, President and CEO of QatarEnergy, expressed his enthusiasm for the agreement, stating, *"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, echoed this sentiment, saying, *"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."*

Qatar is the world's second-largest exporter of urea, and this agreement further solidifies its position in the global market. The deal is expected to have a positive impact on the agricultural sectors of the US and other international markets by ensuring a consistent supply of high-quality urea.

Koch Fertilizer LLC is a subsidiary of Koch Industries, with fertilizer plants in North America, Trinidad and Tobago, and Morocco. The company also has distribution facilities and terminals located in the US, Canada, Mexico, Brazil, Australia, and other international markets. This extensive network will facilitate the efficient distribution of the urea supplied by QatarEnergy, supporting the business needs of farmers.

This long-term agreement highlights the strategic importance of partnerships in the global agricultural sector. By securing a stable supply of urea, QatarEnergy and Koch Fertilizer are poised to support the agricultural needs of farmers and contribute to global food security.

The collaboration between QatarEnergy and Koch Fertilizer is a testament to the strength of their relationship and their shared commitment to the agricultural industry. As the world continues to face challenges in food production, such partnerships are crucial in ensuring that essential resources are available to meet the growing demands.

In summary, the 15-year agreement between QatarEnergy and Koch Fertilizer to supply up to 0.74 million tons of urea per annum is a significant development in the global agricultural sector. This partnership will provide a stable and reliable supply of urea to the US and other international markets, supporting farmers and contributing to global food security.

Key Takeaways

• QatarEnergy signs 15-year deal with Koch Fertilizer to supply 0.74M tons of urea/year.
• Agreement starts in July 2024, supporting US and international agricultural markets.
• Partnership ensures stable urea supply, contributing to global food security.
• Qatar solidifies position as world's 2nd-largest urea exporter.
• Deal fosters long-term cooperation and mutual growth between QatarEnergy and Koch Fertilizer.