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Home Sustainability & ESG Critical Raw Materials Act

Article 17

Facilitating offtake agreements

1.   The Commission shall set up a system to facilitate the conclusion of offtake agreements related to Strategic Projects, in accordance with competition rules.

2.   The system referred to in paragraph 1 shall allow potential offtakers to make bids indicating:

(a)

the volume and quality of strategic raw materials they intend to purchase;

(b)

the intended price or price range;

(c)

the intended duration of the offtake agreement.

3.   The system referred to in paragraph 1 shall allow project promoters of Strategic Projects to make offers indicating:

(a)

the volume and quality of strategic raw materials for which they are seeking to conclude off-take agreements;

(b)

the intended price or price range at which they are willing to sell;

(c)

the intended duration of the offtake agreement.

4.   On the basis of the bids and offers received pursuant to paragraphs 2 and 3, the Commission shall bring project promoters of Strategic Projects in contact with potential offtakers relevant for their project.

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