Offtake in a sentence

Through an offtake agreement, Shell Energy will have access to 100% of the battery’s offtake over a 20-year period.

All contractual milestones under the General Motors LLC (GM) and Stellantis N.V. (Stellantis) offtake and funding packages on track.

As Chris and his team start to scale up production and we increase run rate, we'll be able to then take that product and sell it into the spot market and then potentially even early service some of the offtake customers.

Australia-based graphite miner Syrah Resources has signed two binding offtake agreements with Graphex Technologies, a multinational purified spherical graphite producer, and Westwater Resources, a US-based junior graphite anode producer.

Katagum who is the Chairperson of the Scheme said the programmes included the Survival Fund and Guaranteed Offtake Schemes which are being managed by a Steering Committee.

MAC will assume ownership and full operational control of the mine immediately; Glencore will retain the offtake for 100% of the copper concentrate produced at the CSA copper mine.

Still, upping the price for major offtake customers is helping to generate more than enough cash for a strong balance sheet and rapid growth into 2023 and beyond, according to Pilbara Minerals CEO Dale Henderson.

The company plans to commission SGS to build a Dense Media Separation (DMS) pilot plant in Belo Horizonte, Minas Gerais and provide potential offtake customers with a representative lithium concentrate product.

Astron would have the right, but not the obligation, to enter into an offtake agreement with the Venture for up to 100% of the HMC product at market prices.

Companies targeting these critical minerals contribute to creating a domestic supply chain for the country, meaning offtake won’t likely be an issue.

Governor Sanwo-Olu pledged the state’s readiness to offtake cotton produced in other parts of the country for companies based within the area.

Included in the deal is an offtake agreement with Glencore for 4 million tonnes of ore per annum.

The review highlighted the potential of the project through underground mining the fresh higher-grade ore below the historic Discovery pit and generating a silver and a zinc concentrate for sale to potential offtake partners.

Any by-product credits from contained Cu and co have been assumed to be incorporated into the payability, based on advice from POs following discussions with potential offtake partners.

Despite market challenges, the business grew ahead of the market as Gillette achieved its highest-ever share and strong offtake growth,” Gillette India Managing Director Madhusudan Gopalan said.

She said the Guaranteed Offtake Scheme would provide grant for manufacturers of consumables such as hand sanitisers, face masks, liquid soap, disinfectants and processed foods.

The cement industry is reported to have witnessed a good offtake, including some strong positive growth in certain regions during June.

The offtake was 14 tonnes.

The revival in credit growth comes in the backdrop of the economy entering the so- called “busy season” for credit offtake amid the raging pandemic.

With offtake declining sharply, the premium on storage capacity spiked to the extraordinary point–a negative price for future oil deliveries in the US.