GreenH2 Fertiliser — Products & Services
The product portfolio across urea, merchant ammonia, ammonium nitrate, carbon credits and industrial hydrogen, and the product differentiation underpinning GreenH2.
Section 5 · Business Plan
Products & Services
The product portfolio across urea, merchant ammonia, ammonium nitrate, carbon credits and industrial hydrogen, and the product differentiation underpinning GreenH2.
The complex produces five commercial outputs from a common ammonia
synthesis platform. Ammonia is the central intermediate: a portion is
sold as merchant blue ammonia, while the balance is upgraded on-site
into urea and ammonium nitrate. Carbon credits arise from integrated
capture, and a merchant hydrogen stream serves industrial offtakers and
the emerging mobility market.
Table 6. Product portfolio, nameplate output and
primary customers.
| Product | Capacity p.a. | Base price | Primary customers |
|---|---|---|---|
| Urea | 900,000 t | R8,000/t | Commercial farms, co-operatives, distributors, food-security programmes |
| Merchant ammonia | 700,000 t | R7,500/t | Explosives manufacturers, chemical companies, export markets |
| Ammonium nitrate | 500,000 t | R9,000/t | Mining-explosives manufacturers and mining houses |
| Carbon credits | — | market | Compliance emitters; JSE carbon-credit market |
| Industrial hydrogen | merchant | market | Refineries, industrial gases, mobility and power pilots |
5.1 Revenue contribution and mix
Urea is the primary revenue driver at roughly 35–40% of mature
revenue, with merchant ammonia and ammonium nitrate together
contributing a similar share. Carbon credits and hydrogen are smaller
but strategically important: they decarbonise the asset, hedge the
carbon-tax liability, and provide optionality into the highest-growth
segment of the energy transition.
5.2 Product differentiation
- Carbon intensity: integrated capture yields a
materially lower product carbon footprint than imported or grey-produced
equivalents — increasingly relevant to export buyers facing border
carbon adjustments. - Security of supply: domestic, rand-denominated
production removes the import lead-time, shipping and FX risk that
disrupt the existing supply chain. - Quality and consistency: world-scale, modern
process units deliver specification-grade product with predictable
logistics into both agricultural and mining channels.
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.