Tolling agreement

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Tolling agreement

An agreement to put a specified amount of raw material per period through a particular processing facility. For example, an agreement to process a specified amount of alumina into aluminum at a particular aluminum plant.

Tolling Agreement

An agreement between two companies in which one agrees to supply a certain amount of a raw material every so often. For example, an oil refinery and a drilling company may agree that the drilling company will sell the refinery a certain number of barrels of crude oil every month so that the refinery has something to refine. Tolling agreements are relevant to supply chains; because of the tolling agreement, the refinery in the above example may be more confident that it can sell refined oil to other companies along the supply chain. Tolling agreements can therefore be mutually advantageous.
References in periodicals archive ?
Sempra LNG, a subsidiary of Sempra Energy (NYSE: SRE), has announced that Cameron LNG's first train of the liquefaction-export project in Hackberry, Louisiana, has started commercial operations under Cameron LNG's tolling agreements.
Release date- 19082019 - SAN DIEGO - Sempra LNG, a Sempra Energy (NYSE: SRE) subsidiary, today announced that Cameron LNG's first train of the liquefaction-export project in Hackberry, La., has begun commercial operations under Cameron LNG's tolling agreements.
Sempra LNG, a Sempra Energy subsidiary, today announced that Cameron LNG's first train of the liquefaction-export project in Hackberry, La., has begun commercial operations under Cameron LNG's tolling agreements. Sempra Energy's share of full-year run-rate earnings from the first three trains at Cameron LNG are projected to be between $400M and $450M annually when all three trains achieve commercial operations under Cameron LNG's tolling agreements.
The divestiture includes SI Group's industrial resins products and associated manufacturing sites in Rio Claro, Brazil; Ranjangaon, India; and Johannesburg and Durban, South Africa, as well as licensed technology and multiple tolling agreements globally.
The transaction includes SI Group's industrial resins products and associated manufacturing sites in Rio Claro, Brazil; Ranjangaon, India; and Johannesburg and Durban, South Africa, as well as licensed technology and multiple tolling agreements globally.
The rating for the Cameron liquefied natural gas (LNG) project derives from low cash flow volatility anchored by availability-based tolling agreements, with costs passed through to the tolling revenue counterparties.
Under the tolling agreements, the QCLNG project will be able to transport and process gas and water from the Arrow Energy Surat Basin fields using available capacity in existing Australia Pacific LNG-QCLNG joint infrastructure.
The report stated that 'the assertions regarding contracts and tolling agreements were absurd, false, frivolous and without any basis at all'.
Third, the SEC is also likely to change its strategy on how it pursues tolling agreements with targeted companies and individuals.
preventing litigation uncertainty) by entering into tolling agreements.
Actually, as Paul Ferrillo advises, statutes of limitation were likely about to run out, and tolling agreements were likely about to expire.
In July 2012, Freeport LNG executed 20-year use-or-pay liquefaction tolling agreements with Osaka Gas and Chubu Electric equivalent to the minimum guaranteed production capacity of Train One.