Historic Binding Offtake Agreement with Global Potash Producer K+S
Binding Offtake Agreement – Key Elements
The Agreement includes the following key elements:
• An initial 10-year term to provide K+S with 90,000tpa of SOP products, representing 100% of the anticipated production from Phase 1 of the Beyondie Sulphate of Potash Project.
• Pricing is linked to the sales price realised by K+S, which will also receive a marketing fee for selling and distributing the SOP product.
• K+S offers Kalium Lakes unparalleled expertise and technical support in relation to design, construction and commissioning.
K+S is a customer-focused, independent minerals company for the Agriculture, Industry, Consumers, and Communities segments and wants to grow the EBITDA to €3 billion by 2030. The Company has approximately 15,000 employees working to enable farmers to provide nutrition for the world, develop solutions that sustain different industries and improves daily life for consumers.
K+S continually meets the growing demand for mineral products from production sites in Europe, North and South America, as well as through its worldwide sales network. In striving for sustainability K+S is deeply committed to its responsibilities to people, the environment, the communities and the economy in the regions in which it operates.
Learn more about K+S at: http://www.k-plus-s.com