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), today announced a 3 year renewal of the N-7 Marketing Agreement, under which N-7 is the exclusive marketer of Dyno Nobel’s industrial urea products, including diesel exhaust fluid (DEF), urea liquor, and automotive grade urea (AGU) in North America. The original agreement was executed in December 2019.
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, N-7’s industrial urea presence in North America includes a total of four locations.
Ahmed El Hoshy, CEO of OCI N.V. commented: “This announcement reflects the success of OCI’s and N-7’s partnership with Dyno Nobel over the past two years, and N-7’s continued growth in the DEF and industrial urea markets in North America. DEF is a critical enabler of NOx emissions reductions from ground transportation, stationary equipment, marine and other applications where diesel engines are employed, and supports OCI’s global sustainability strategy as a leader in tackling emissions.”
Todd Telesz, General Manager and CEO of Basin Electric (parent of Dakota Gasification Company), said: “We are pleased to be continuing the partnership between N-7 and Dyno Nobel. It provides our customers with a reliable supply of diesel exhaust fluid and urea liquor daily. This partnership accomplishes the need to meet the enduring North American market growth and to provide value to our membership and stakeholders.”