offtake Definition
- 1the quantity of goods or materials that is taken from a supplier or producer
- 2the process of taking goods or materials from a supplier or producer
Using offtake: Examples
Take a moment to familiarize yourself with how "offtake" can be used in various situations through the following examples!
Example
The offtake of oil from the well was higher than expected.
Example
The company's offtake agreement with the supplier ensured a steady supply of raw materials.
Example
The offtake of renewable energy has increased in recent years.
offtake Synonyms and Antonyms
Synonyms for offtake
Phrases with offtake
a contract between a producer and a buyer for the purchase and sale of goods or materials
Example
The offtake agreement between the mining company and the smelter ensured a stable supply of copper concentrate.
gas offtake
the amount of gas that is extracted from a gas field
Example
The gas offtake from the offshore platform was affected by adverse weather conditions.
Example
The power offtake agreement between the wind farm and the utility company ensured a reliable supply of renewable energy.
Summary: offtake in Brief
'Offtake' [ˈɒf.teɪk] refers to the quantity of goods or materials taken from a supplier or producer, or the process of taking them. It is often used in the context of agreements, such as 'The company's offtake agreement with the supplier ensured a steady supply of raw materials.' Other phrases include 'offtake agreement,' 'gas offtake,' and 'power offtake.'
