QAFCO was founded in 1969 as a joint venture between the government of Qatar and a number of foreign shareholders. The country's first large-scale venture in the petrochemical sector, QAFCO was established with a view to diversify the economy and utilize the nation's enormous gas reserve. After successfully implementing several expansion projects over the past three decades, the Company has evolved into a world-class fertiliser producer. QAFCO is now owned 75 percent by Industries Qatar (IQ) and 25 percent by Yara Nederland. QAFCO has two subsidiaries, Gulf Formaldehyde Company (70 percent) and Qatar Melamine Company (60 percent).
With a sizable annual production capacity of 3.8 million MT of ammonia and 5.6 million MT of urea from, QAFCO is now the world's largest single-site producer of ammonia and urea. This enabled Qatar to be a key player in the global fertilizer market and the largest exporter of urea in the world with about 15 percent share of the world urea supply.
OUR DOWNSTREAM OPERATIONS
Gulf Formaldehyde Company
The Gulf Formaldehyde Company (GFC) was created in 2003 and began operations in 2004. The GFC plants A&B are designed to produce 82 tons per day of Urea Formaldehyde (UFC-85), a viscous liquid with 60 percent formaldehyde, 25 percent urea and 15 percent of water. Eighty percent of the UFC-85 produced is consumed by QAFCO and is used as an anti-caking agent in the production of urea.
Qatar Melamine Company
QAFCO has utilized its expertise in fertilizer plant operations to operate and manage a production plant of premium grade Melamine. The plant has design capacity to produce 60,000MT of Melamine annually. This is one of the largest plants in the region.