Tolling agreement

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 ?
Since December of 2018, Evraz Stratcor has been processing vanadium concentrate, supplied by USV, into Vanadium Pentoxide ('V2O5') at its Hot Springs facility under a tolling agreement with USV.
Since December of 2018, Evraz Stratcor has been processing vanadium concentrate, supplied by USV, into Vanadium Pentoxide ("V2O5") at its Hot Springs facility under a tolling agreement with USV.
However, Amplats has kept its PGM guidance for 2019 at between 4.2 million and 4.5 million ounces, down from 2018 due to the transition of Sibanye Gold Ltd material to a tolling agreement in place of concentrates purchased.
The amendment also terminates the parties' July 2018 tolling agreement, pursuant to which each party preserved its rights, claims and defenses as they existed on April 30, 2018, with respect to the Chrysler Agreement.
The amendment also withdraws the parties' July 2018 tolling agreement, based on which each party preserved its rights, claims and defences as they existed on April 30, 2018, with respect to the Chrysler Agreement.
The Manual sets forth the conditions necessary for each of these agreements, e.g., the individual or entity must enter into a long-term tolling agreement in the case of a DPA, and the potential implications for violation of such an agreement are listed.
MC plans to source natural gas from throughout North America and deliver it via pipeline to the Cameron LNG terminal, where it will be liquefied by CLNG under a 4 MTPA tolling agreement. Those 4 million tons will then be sold to buyers in Japan and around the world by MC's affiliated LNG marketing company.
Aluminum is expected to ship between 2.8 and 2.9 million metric tons, which reflects the expiration of a can sheet tolling agreement in the flat-rolled business.
The PPA is structured as a modified tolling agreement that reimburses the project's fuel and O&M costs.
"The tolling agreement with Leo Tires is the first step in the dream of the country's rubber farmers to establish their own tire manufacturing facility," Pinol said.
Altynken LLC signed a tolling agreement (processing of raw materials for a specified fee into the product remaining property of the provider of the raw material) with the Kazakh mining company Kazzinc.
In the company's accounts, finance director Ron Grant said the reduced turnover was caused by Sabic signing a new tolling agreement with its Dutch counterpart.