US producer Koch Fertilizer LLC and QatarEnergy have entered into a long-term urea supply agreement to commence in July 2024. The agreement will span 15 years and cover approximately 740,000 mt/y of urea to be distributed by Koch both in the US and internationally.
“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,” said Saad Sherida Al-Kaabi, President and CEO of QatarEnergy and Minister of State for Energy Affairs. “This agreement marks a significant step in advancing synergy and cooperation and fostering mutual growth and value for both sides.”
“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,” added Mark Luetters, Senior Vice President of Koch Industries and President of Koch Fertilizer.
Qatar is the largest urea exporter in the world, with 5.4 million mt of exports in 2023, of which 1.6 million mt went to the US.