How long are the offtake agreements, and can prices be revised?
sourced
Agreements are long-term - cited variously as five years with extension, or up to 15 years under some structures - with periodic price revision under the synchronisation formula. The minimum procurement price cannot fall below the notified floor.
- Source
- IOCL FAQ; Advancebiofuel; IMARC
- sourced
- Traceable to a named source.
- Level
- Practitioner — Operating numbers, ranges and failure modes.
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