But the two companies then promptly signed a four-year supply agreement worth more than $10 billion.
A supply agreement is between the project company and the supplier of the required feedstock / fuel.
The component companies say current conditions have encouraged many customers to seek multiyear supply agreements.
Gross proceeds from the supply agreement and asset sale totaled $101 million.
The five-year supply agreement, running from 1992 to 1997, is expected to be worth about $1 billion.
The companies also signed a five-year supply agreement.
The customer-supplier relationship is governed by an exclusive supply agreement.
It had long-term supply agreements with the top global agrochemical companies, and its customers were other companies.
I agree that the treatment of industrial supply agreements needs to be elaborated in the guidelines.
The company and Think at the same time signed a commercial supply agreement.