Supply Agreement Executed with National Fertilizers for Hydrogen Gas via Dedicated Pipeline
Primo has executed a Supply Agreement with National Fertilizers Limited (NFL) to supply hydrogen gas through a dedicated pipeline.
By ScoutQuest · · 1 min read
- Supply Volume Range
- 1000 N-M3/hr to 2500 NM3/hr
- Contract Term
- 5 years from the effective date, extendable by mutual agreement
- Delivery Method
- Dedicated pipeline
- Counterparty
- National Fertilizers Limited (NFL)
- Transaction Type
- Commercial supply agreement, not a related party transaction
What was announced
Primo Chemicals Limited has executed a Supply Agreement for hydrogen gas with National Fertilizers Limited (NFL). Primo is the supplier and NFL is the buyer.
Key terms
- Supply of 1000 N-M3/hr - 2500 NM3/hr of hydrogen gas by Primo to NFL.
- Delivery through a dedicated pipeline.
- Duration: 5 years from the effective date, which may be further extended as per mutual agreement between Primo and NFL.
Other disclosures
- Primo holds no shareholding in NFL.
- The agreement carries no special rights such as the right to appoint directors, first right to share subscription, or the right to restrict any change in capital structure. It is described as a purely commercial supply agreement for hydrogen gas.
- It is not a related party transaction and is not connected to the promoter, promoter group or group companies.
How to read it
The disclosure sets out the volume range and tenure of the supply arrangement. It is a recurring business arrangement with a public sector fertilizer company, tied to a dedicated pipeline, which indicates a steady offtake channel over the contract period.
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More numbers
- Hydrogen gas supply volume - lower end1000 N–M3/hr
- Hydrogen gas supply volume - upper end2500 NM3/hr
- Agreement tenure5 years
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