offtake

[awf-teyk, of-]

noun

1. a pipe or passage for conducting smoke, a current of air, or the like, to an uptake or downtake.

Word History and Origins

Origin of offtake¹

First recorded in 1870–75; after verb phrase take off

Example Sentences

Lithium America’s joint venture partner is General Motors, which will permit the project to enter into additional third-party offtake agreements for volumes not purchased by GM.

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Piedmont expects shipments under NAL offtake to total 56,500 dmt in 2023.

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Wesfarmers said it expected to generate its first earnings from a new lithium business in the first half of calendar 2024 with offtake agreements “well progressed”.

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“Spodumene concentrate offtake agreements with tier-one customers are well progressed and are expected to be executed in the second half of the 2023 calendar year,” Scott said.

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"We're currently discussing potential commercial agreements," she said, with reference to the group's lithium project in Argentina, adding these involve joint marketing and so-called offtake accords, or commitments to buy a certain volume of the upcoming production.

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