So on page 25 they are showing a 340,000 tonne per annum demand increase by 2025. Do they think they will be the only ones supplying 250,000 tonnes per annum into that market increase? If so I don't think they will see that offtake size. If they want to tap into existing demand it would surely drive basket prices down from today's price. They do mention displacing the synthetic market on page 26 but that is no guarantee.
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So on page 25 they are showing a 340,000 tonne per annum demand...
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