Definitions

1. noun

a quantity of a product or resource that is taken or extracted from a source, especially a mine or a factory.

“The company’s offtake agreement with the mining firm secured a steady supply of raw materials.”

2. noun

a quantity of something, especially a product or resource, that is taken or sold by a company or organization.

“The offtake from the new factory will significantly boost the company’s revenue.”

3. verb

to take or extract a quantity of a product or resource from a source, especially a mine or a factory.

“The company will offtake 10% of the total production from the new factory.”