How to pronounce“offtake”in English
verbRailway system uh so that's going to be very important having a strong Chinese partner they have agreed a cooperation agreement with us which uh under that
agreement they will provide some very specific synergies including uh they will offtake uh all of our production for 2 years that we don't sell to other
C customers uh they also provide us um support to to get electricity at our
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Definitions of “offtake”
To take off; take away, remove.
“Of brothers and bairns, where the brightest of earth-joys She had hitherto had: all the henchmen of Finn War had offtaken, save a handful remaining, […]”
To take out or remove commodities from a market, usually through purchasing them.
“Obviously, it would be desirable for the parties to the interim offtake agreement to offtake their physical volumes in proportion to their dividend participation.”
A point or channel of drainage or off-flow; offlet.
The removal of oil (or an industrial chemical) from a storage facility.