Koch Ag & Energy Solutions completed the acquisition of Iowa Fertilizer Company from OCI Global for $3.6bn.

Koch Ag & Energy Solutions, a global provider of solutions for the agriculture, energy and chemical markets, completed the acquisition of the Iowa Fertilizer Company, a greenfield nitrogen fertilizer plant from OCI Global, a chemical company, for $3.6bn. “We are exceptionally proud of OCI and the IFCO operating team’s remarkable achievements in converting a cornfield into a world-class global nitrogen facility and in revitalizing a core industry in the United States. KAES today is opportunely positioned both strategically and geographically to leverage and diversify its extensive platform, and to create significant opportunities to drive the facility’s future growth. We have been impressed by the entire KAES team throughout this process and wish them the best of luck in their onward journey," Ahmed El Hoshy, OCI CEO.