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Glossary

The Kallanish Glossary aims to be a useful resource for complex industry specific terminology. We are constantly adding to our glossary, so if you have a suggestion or amendment please do get in touch.

Offtake agreement

Power Materials

An offtake agreement would occur between a producer and a buyer to purchase or sell products that are yet to be produced. It is normally negotiated before the construction of a factory or facility to secure a market and revenue stream for its future output. Offtake agreements are typically used to help the selling company acquire project financing for future construction, expansion projects, or new equipment through the promise of future income and proof of existing demand for the goods.

 

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