Project status: Active Development • Feasibility Study & ESIA in progress (NEMAS Consult) • Pre-construction, not yet producing • All figures are design targets
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Financial Structure
A Bankable Infrastructure Opportunity
Structured for international project finance with ring-fenced SPVs, credit support arranged by Hybrid Finance Corp under its June 2026 Letter of Support, an 80 percent debt and 20 percent equity capital structure, and dual revenue security from contracted tipping fees and index-linked fuel offtake agreements.
Total Project CAPEX
USD 275M
Bankable capital expenditure across two ring-fenced SPVs: RD100 Refining Ltd. (USD 245M) for the refinery and Hamtracom Waste Logistics Ltd. (USD 30M) for collection and transfer infrastructure, through to financial close and commercial operations.
Financial Advisor
Hy-Fi Corp
Hybrid Finance Corp signed a Letter of Support and Financial Advisory Engagement in June 2026, committing to structure the credit support and arrange the full USD 275M financing on a project finance basis through a dedicated SPV.
Capital Structure
80 / 20
Eighty percent senior project debt and twenty percent equity, drawn from a strategic operating partner, Ghanaian strategic capital, institutional equity arranged through Hy-Fi Corp, and the sponsor.
Technology Licensor
Topsoe
Hydroprocessing technology licensed from Topsoe, the global benchmark in renewable diesel and SAF catalysis, with performance guarantees and ASTM-grade product specifications planned from the first day of operations.
Revenue Streams
Dual Lock
Tipping fees as contracted gate receipts from MMDAs plus index-linked RD100, SAF and byproduct naphtha offtake agreements, to be secured with floor pricing and CPI escalation clauses, for full debt service coverage protection.
SPV Structure
Ring-Fenced
Project executed through two dedicated Special Purpose Vehicles, RD100 Refining Ltd. and Hamtracom Waste Logistics Ltd., meeting international project finance requirements, with EPC performance guarantees, liquidated damages, and lender step-in rights.
ESG Alignment
IFC PS + EP
Designed from the outset to meet IFC Performance Standards 1 to 8 and Equator Principles IV, enabling participation by DFI lenders, sovereign wealth funds, and ESG-mandated private equity capital.