Renewable Isooctane definition
Examples of Renewable Isooctane in a sentence
The Parties acknowledge that the Facility is capable of production of Renewable ATJ and Renewable Isooctane utilizing only these [**] Production Splits, [**].
Commercial Offtake Phase: Eight-hundred (800) metric tons (~304,000 U.S. gallons) of Renewable Isooctane per year from the Commercial Offtake Facility.
Buyer shall be solely responsible, all at Buyer’s sole cost and expense (except as expressly provided below) for fulfilling any requirements under the REACH Regulation in relation to Renewable Isooctane.
All deliveries of Renewable Isooctane shall be made FCA (Incoterms 2010) at the Existing Project, the Interim Project or the Expansion Project, as applicable.
Such requirements shall be satisfied as soon as commercially practicable and in any event prior to the first delivery of Renewable Isooctane hereunder, and thereafter Buyer shall maintain, at Buyer’s sole cost and expense, compliance with all REACH Regulation requirements during the term.
Such costs include, but are not limited to: (A) transportation costs incurred to deliver the Renewable Isooctane to the Delivery Point and in returning such Renewable Isooctane to Seller; (B) secondary testing costs; (C) re-refining; (D) costs associated with emptying and cleaning of storage tanks containing non-conforming Renewable Isooctane; and (E) handling costs.
Additionally, Buyer has the option to purchase an additional three-hundred (300) metric tons (~114,000 U.S. gallons) of Renewable Isooctane per year from the Commercial Offtake Facility.
For sake of clarity, Seller’s obligations in respect of the sale of Renewable Isooctane hereunder are in all cases on an As Available Basis, and Seller shall have no liability for any failure to produce Renewable Isooctane for delivery hereunder for any reason with exception of the then-applicable Minimum Annual Contract Quantity.
The Parties shall publically disclose, via mutually agreed upon press releases, aspects of the developing commercial plan for Buyer to serve as a major and substantial off-taker of Renewable Isooctane from the Demo Facility and a vital off-taker from the Commercial Offtake Facility.
The Product Specifications for Renewable Isooctane is attached as Exhibit B to this Agreement.