"When you consider it's holding up the loan"The offtake is not...

"When you consider it's holding up the loan"

The offtake is not holding up the loan at all. The IDC loan was approved conditional on the offtake AND the balance of funding being reached. Until that further funding is secured, the offtake is not holding up anything.

It is a binding MOU conditional on trial resuls and that is enough to get conditional loan approvas as the IDC loan approval has demonstrated. We don't know if they are waiting on any further field trial results. There is nothing for them to gain by signing ahead of full funding if they know there are a few trials near completion.
It makes sense for them to wait until the balance of funding is approved and they can sign the offtake the following day if they like.