Reliance signs $3 bn green ammonia supply pact with Samsung C&T for 15 years

Reliance Industries Limited (RIL) on Monday said it has signed a binding long-term agreement with Samsung C&T Corporation for the supply of green ammonia over 15 years starting the second half of FY2029, in a deal valued at over USD 3 billion.

The company said the Supply and Purchase Agreement (SPA) is among the largest binding long-term green ammonia offtake deals globally.

The agreement is in line with India’s National Green Hydrogen Mission and is expected to support the creation of an end-to-end domestic value chain, including manufacturing of key clean energy equipment within the country.

RIL said it is building a fully integrated new energy platform spanning renewable power, energy storage, green hydrogen and downstream green fuels and chemicals, backed by in-house manufacturing of technologies such as solar modules, battery energy storage systems and electrolysers.

“The agreement with Samsung C&T is the first in a series of long-term offtake partnerships supporting the scale-up of our New Energy platform,” the company said.

RIL Executive Director Anant Ambani said, “We are proud to partner with Samsung C&T to supply green ammonia that is cost-competitive and reliable. This partnership marks an important step in India’s clean-energy journey.”

He said that RIL’s new energy initiative aims to integrate India’s renewable resources with domestic manufacturing capabilities to produce value-added green fuels and chemicals at scale.

“Partnerships such as this will help scale our green hydrogen ecosystem and gigafactories, while contributing to India’s ambition of becoming a global hub for green hydrogen and its derivatives,” Ambani said.