Incorporated in 1969 as a joint venture, the Company is currently owned by IQ (75%). QAFCO has two subsidiaries, namely Gulf Formaldehyde Company S.A.Q. and Qatar Melamine Company Q.S.C.C.
QAFCO together with its subsidiaries is engaged in the production of ammonia, urea, melamine and formaldehyde condensates.
IQ’s share of QAFCO’s production and saleable capacity of key products are:
|Product||Production MT‘000 / PA||Sales MT‘000 / PA|
A significant portion of the ammonia produced by QAFCO is used internally as a feedstock for urea production. The remainder which is sold is commonly used as a feedstock for urea and ammonium phosphate production.
The majority of the urea produced by QAFCO is in either the prilled or granular form. More than 90% of world (for QAFCO, it is around 96%) industrial production of urea is used as a nitrogen-release fertiliser to increase crop yield.
Urea Formaldehyde Condensate (UFC-85)
UFC-85 is an anti-caking agent which is added to urea products to improve their strength. The majority of UFC-85 produced is used in QAFCO’s urea plants.
The principal use of melamine is in the construction industry. Melamine is used in the production of high-pressure laminates which is used for a number of construction related activities. Melamine is also used in the production of kitchen utensils and plates.
Industries Qatar Q.P.S.C. was incorporated as a Qatari joint stock company on April 19, 2003. The registered office is located at P.O. Box 3212, Doha, State of Qatar. Through the group companies, IQ operates in 3 distinct segments: petrochemicals, fertiliser and steel.