GreenH2 Fertiliser — Implementation Roadmap

The critical milestones and dependencies and the phased critical path from the seed round through construction to first output.

GreenH2 Fertiliser Business PlanSection 9 › Implementation Roadmap

Section 9 · Business Plan

Implementation Roadmap

The critical milestones and dependencies and the phased critical path from the seed round through construction to first output.

The roadmap below sets out the critical path from inception to full
production, with milestones, dependencies and the five workstreams that
must be sequenced to reach financial close and commercial operation.
Development approvals and FEED run in parallel and gate financial close;
EPC construction is the longest pole; commissioning and ramp follow
mechanical completion.

Figure 4
Figure 4 — Implementation roadmap — critical-path schedule, workstreams and milestones from Year 1 to full production in Year 6.

9.1 Critical milestones & dependencies

Table 8. Key milestones, target timing and
principal dependencies.

Milestone Target Principal dependency
Environmental authorisation Year 2 EIA completion and public participation
FEED & cost estimate Year 2 Engineering studies and technology licensing
Offtake ≥ 60% contracted Year 2–3 Commercial negotiations with anchor buyers
Financial close Year 2–3 Permits, offtake, equity syndication, debt commitment
Construction start Year 3 Financial close and EPC mobilisation
Mechanical completion Year 4–5 EPC delivery of all process units
Commercial operation (COD) Year 4 Commissioning and performance testing
Full production (100%) Year 6 Successful ramp and reliability runs

Confidential — this business plan is provided to prospective investors and lenders for evaluation purposes only and may not be reproduced or distributed without the written consent of GreenH2 Fertiliser Holdings (Pty) Ltd.