N-7 LLC (N-7), a joint venture between OCI N.V. (Euronext: OCI) and Dakota Gasification Company (DGC), and Dyno Nobel, Inc. (Dyno Nobel), a subsidiary of Incitec Pivot Limited (ASX: IPL), have reached agreement on commercial terms for the marketing of Dyno Nobel’s industrial urea products, including diesel exhaust fluid (DEF), urea liquor, and automotive grade urea (AGU) in North America. Upon finalization of the transaction, N-7 will be the exclusive marketer for all of these products from Dyno Nobel in the United States and Canada.
Dyno Nobel produces industrial urea at two sites – St. Helens, Oregon and Cheyenne, Wyoming. Including OCI’s facility in Iowa and DGC’s Beulah facility in North Dakota, the agreement will bring N-7’s industrial urea presence in North America to a total of four locations.
Nassef Sawiris, CEO of OCI N.V. commented: “This transaction reflects OCI’s and N-7’s continuing commitment to growing our presence in the DEF and industrial urea markets in North America. It will serve to cement N-7’s position as a major supplier in the US, offering product from four sites. We are excited to partner with Dyno Nobel and look forward to growing our partnership in the future.”
Paul Sukut, CEO of Dakota Gasification Company, said: “This is a great opportunity for all parties involved. It will provide additional geographic reliability to the growing DEF demand of N-7’s customers and position N-7 as a dependable supplier in North America. Dakota Gas, OCI, and N-7 look forward to working with Dyno Nobel in this endeavor.”
Nick Stratford, President of Dyno Nobel Americas, said, “This will enhance our service to our DEF and urea liquor customers with increased supply reliability and flexibility, and we look forward to developing this strategic partnership with N-7 in the future.”
N-7 and Dyno Nobel expect to finalize and execute definitive documentation on the marketing agreement by year-end.