Reliance Inks $3 Billion Deal with Samsung C&T for Long-Term Green Ammonia Supply

Reliance Industries and Samsung C&T Corporation Sign $3 Billion Binding Long-Term Green Ammonia Agreement

Reliance Industries, a leading Indian conglomerate, has signed a $3 billion binding long-term Supply and Purchase Agreement (SPA) with South Korea's Samsung C&T Corporation for the supply of green ammonia over a 15-year period. The agreement, valued at approximately ₹27,665 crore, commences in the second half of FY2029.

Key Highlights

• The agreement is one of the largest binding long-term green ammonia off-take agreements globally.
• Reliance Industries aims to advance India's energy transition and promote the development of a fully integrated new energy platform.
• The deal is anchored to the domestic manufacturing of critical clean-energy equipment, aligned with India's National Green Hydrogen Mission (NGHM).

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Green Ammonia: A Carbon-Free Alternative

Green ammonia is produced from renewable energy sources instead of fossil fuels, making it a carbon-free or low-carbon alternative. It can be used as a fertilizer, industrial chemical, or fuel for power generation and shipping.

Reliance's New Energy Business

Reliance's New Energy business is anchored by the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar, a 5,000-acre hub integrating solar, storage, hydrogen, and ammonia production with advanced manufacturing gigafactories. The company aims to achieve net-zero carbon emissions by 2035.

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Samsung C&T Corporation

Samsung C&T Corporation, founded in 1938, operates a global network across 40 countries, trading industrial materials and developing renewable energy projects.