Examples of Product Offtake Agreement in a sentence
We are a pure play refinery, purchasing crude and other feedstocks primarily through Chevron and PTT, and we sell about 80% of our products through our Product Offtake Agreement to Chevron and PTT, with the remaining 20% to mostly petrochemical companies.
Frontier shall also be obligated to retain an additional 10,000 barrels per day of the production of either gasoline or diesel fuel for this additional 10,000 barrels per day at the discretion of Frontier, beginning May 1, 2008 and thereafter through the term of the Product Offtake Agreement.
This may adversely affect the business, results of operations, financial condition and cash flows of the Issuer.The prices the Issuer receives for its petroleum products, under the Product Off-take Agreement or otherwise, are subject to factors beyond its control.
Product Off-take Agreement, dated April 10, 2019, by and between Bakersfield Renewable Fuels, LLC (as assignee of GCE Holdings Acquisitions, LLC), a Delaware limited liability company, and ExxonMobil Oil Corporation, as amended by the Amendment and Waiver Letter Agreement (to Product Off-take Agreement), dated March 31, 2020, Amendment No. 2 to Product Off-take Agreement, dated February 23, 2022 and Amendment No. 3 to Product Off-take Agreement, dated August 5, 2022.
The execution of a 25-year Product Offtake Agreement (for GTL diesel and naphtha) with Petrotrin for 100% of the output from its GTL plant;2.
Product Offtake AgreementUnder the Product Offtake Agreement, Valero is required to market all of the renewable diesel produced at the Plant.
BPCL’s ability to fulfill its purchase obligation under the Product Off-take Agreement depends on a variety of factors, including market demand and pricing conditions, and to this extent, the Issuer is exposed to risks and uncertainties affecting BPCL’s business.
The Issuer has also entered into a long term Product Off-take Agreement with BPCL which assures product off-take from the Refinery and at the same time enables BPCL to meet the product demand deficit in the northern and central parts of India.
An affiliate of CF Industries is required to purchase all of TNCLP's fertilizer products at market prices as defined in the Amendment to the General and Administrative Services and Product Offtake Agreement, dated September 28, 2010.TNCLP makes cash distributions to the general and limited partners based on formulas defined within its Agreement of Limited Partnership.
The termination of the ExxonMobil Oil Corporation Product Offtake Agreement would negatively affect our future marketing and sales of renewable diesel and would trigger an event of default under our Senior Credit Agreement.