New production definition

New production means production which results from a new facility, a facility which has not received credits before 2017, or the expansion of the capacity of an existing facility by at least 2 million gallons if the expansion is first placed in service after 2016, as certified by the design engineer of the facility to the State Energy Office.
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New production means production that results from a new facility, a facility that has not received credits before 2014, or the expansion of the capacity of an existing facility by at least 2 million gallons first placed into service after 2014, as certified by the design engineer of the facility to the Department of Revenue. The amount of the credit based on new production must be approved by the Department based on the ethanol or biodiesel production records as may be necessary to reasonably determine the level of new production. If the credit is based on the expansion of the capacity of an existing facility, “new production” means annual production in excess of 12 times the monthly average of the highest 3 months of ethanol or biodiesel production at the facility during the 24 month period immediately preceding certification by the design engineer. A credit is not allowed for an expansion of the capacity of an existing facility until production exceeds 12 times the 3 month average amount determined pursuant to Code Section 12-6-3600(D) during any 12 consecutive month period beginning no sooner than January 1, 2014.
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New production means, as at any date of determination, production from any proved producing reserves that were not classified as proved producing reserves in the most recent Reserve Report delivered by the Borrower pursuant to Section 6.01(j).
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Examples of New production in a sentence

  • New production methods (e.g. standardization, prefabrication) and materials were necessary to achieve the large number of new buildings while structural quality and technical equipment were sometimes compromised in order to achieve the targets set by the state (Sundin and Willner, 2007).

  • New production standards or new receipts are passed on to the cheese dairies directly.

  • Firms report the introduction of the following innovation in the last 3 years: i) New products or services ii) New production or supply methods iii) New organisational, management practices or structures iv) New marketing methods.

  • New production technologies, because they can operate at a small scale and possess the agility that implies, permit a proliferation in the number of production sites, as well as less restrictions on where they might be located.

  • New production systemsThe customer expects that new production systems can be integrated with the EPR system by a third party.

  • New production technology is making natural gas a fast-rising star in the energy firmament, but the theory and practice of pipeline gas markets seem mired in the past.

  • New production lines for fertilizer plant in Khor Al Zubair (for export)🞆 Production of 500 ton of Urea fertilizer🞆 Expected capital: 0.5 billion USD🞆 Return on Investment rate: (according to the investor’s feasible study and estimations) D.

  • New production line in the organic segmentOn 28 January 2016, CIECH Sarzyna S.A., the largest Polish plant protection products manufacturer, presented a new production line in the House and Garden category.

  • New production opportunities (26 basins in 28 states) have contributed to tens of billions of dollars in new investment, economic development, and job creation, while lower relative natural gas prices have aided in the economic recovery both by lowering the basic cost of energy inputs for existing gas consumers and by attracting new investment in petrochemical and other gas-related industries in the United States.

  • New production associates hired on or after the effective date of this Agreement, who do not hold a seniority date shall be hired at a rate equal to $5.00 less than the maximum base rate of the job classification.


More Definitions of New production

New production means all Producer’s Products owned or Controlled by Producer or any of its Affiliates that are produced and saved from any well with a well name and API number that is not listed on Exhibit G as of the Effective Date.
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New production means production at a new facility, a facility that had not received credits before 2017, or an existing facility with an expanded capacity of at least two million gallons first placed into service after 2016, as certified by the facility’s design engineer to the State Energy Office. For expansion of the capacity of an existing facility, "new production" means annual production in excess of 12 times the monthly average of the highest three months of ethanol or biodiesel production at an ethanol or biodiesel facility during the 24-month period immediately preceding certification of the facility by the design engineer. Credits are not allowed for expansion of the capacity of an existing facility until production is in excess of 12 times the 3-month average amount during any 12-consecutive-month period beginning no sooner than January 1, 2017.
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Related to New production

  • Hemp product means the same as that term is defined in § 3.2-4112.

  • Production means a method of obtaining goods including manufacturing, assembling, processing, raising, growing, breeding, mining, extracting, harvesting, fishing, trapping, gathering, collecting, hunting and capturing.

  • Commercialization or “Commercialize” means activities directed to marketing, promoting, research and development as required, manufacturing for sale, offering for sale, distributing, importing or selling a product, including sub-licensing or sub-contracting of these activities.

  • Development Well means a well drilled inside the established limits of an oil or gas reservoir, or in close proximity to the edge of the reservoir, to the depth of a stratigraphic horizon known to be productive.

  • Licensed Product means any pharmaceutical product that contains a Licensed Compound, either alone or with one or more other pharmaceutical ingredients, and including all formulations, line extensions and modes of administration thereof.

  • Licensed producer means an agent, broker, or reinsurance intermediary licensed pursuant to the applicable provision of the insurance law of any jurisdiction.

  • Edible cannabis product means cannabis product that is intended to be used, in whole or in part, for human consumption, including, but not limited to, chewing gum, but excluding products set forth in Division 15 (commencing with Section 32501) of the Food and Agricultural Code. An edible cannabis product is not considered food, as defined by Section 109935 of the Health and Safety Code, or a drug, as defined by Section 109925 of the Health and Safety Code.

  • Milk product or "dairy product" means cottage cheese, dry curd cottage cheese, reduced fat cottage cheese, lowfat cottage cheese, cream, light cream, light whipping cream, heavy cream, heavy whipping cream, whipped cream, whipped light cream, sour cream, acidified sour cream, cultured sour cream, half-and-half, sour half-and-half, acidified sour half-and-half, cultured sour half-and-half, reconstituted or recombined milk and milk products, concentrated milk, concentrated milk products, skim milk, lowfat milk, frozen milk concentrate, flavored milk, eggnog, buttermilk, cultured milk, cultured lowfat milk, cultured skim milk, yogurt, lowfat yogurt, nonfat yogurt, acidified milk, acidified lowfat milk, acidified skim milk, low-sodium milk, low-sodium lowfat milk, low-sodium skim milk, lactose-reduced milk, lactose-reduced lowfat milk, lactose-reduced skim milk, aseptically processed and packaged milk, milk products with added safe and suitable microbial organisms, and any other milk product made by the addition or subtraction of milkfat or addition of safe and suitable optional ingredients for protein, vitamin, or mineral fortification. Unless a product is considered a milk product under this subdivision, milk product does not include dietary products, infant formula, ice cream or other desserts, cheese, or butter. Milk products include the following:

  • Competing Product means [***].

  • Manufacturing means all activities related to the manufacture of a Compound, including planning, purchasing, manufacture, processing, compounding, storage, filling, packaging, waste disposal, labeling, leafleting, testing, quality assurance, sample retention, stability testing, release, dispatch and supply, as applicable.

  • Bioassay means the determination of kinds, quantities or concentrations and, in some cases, the locations of radioactive material in the human body, whether by direct measurement, in vivo counting, or by analysis and evaluation of materials excreted or removed from the human body. For purposes of these rules, “radiobioassay” is an equivalent term.

  • Licensed Products means tangible materials which, in the course of manufacture, use, sale, or importation, would be within the scope of one or more claims of the Licensed Patent Rights that have not been held unpatentable, invalid or unenforceable by an unappealed or unappealable judgment of a court of competent jurisdiction.

  • Product means any deliverable under the Contract, which may include commodities, services, technology or software.