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Offtake

    0.02 sec.
Off´take`
n.1.Act of taking off; specif., the taking off or purchase of goods.
2.Something taken off; a deduction.
3.A channel for taking away air or water; also, the point of beginning of such a channel; a take-off.


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Work continues to secure the long-term future of the plant following the collapse of a 10-year offtake agreement in April, which triggered redundancy talks with 2,000 staff.
The deal, announced last May, was due to give China's No 2 refiner a 49 per cent stake in the 115,000 barrel per day (bpd) facility and allow CNPC to take charge of all crude supply and product offtake, helping it meet demand.
Along with the subscription agreement, Uranium One says it has also entered into a long-term offtake agreement and a strategic relationship agreement with the Japanese consortium, which includes The Tokyo Electric Power Company, Incorporated, Toshiba Corporation, and The Japan Bank for International Cooperation.
 
 
 
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