Reliance Signs $3B Deal with Samsung C&T for Green Ammonia Supply

Reliance Industries, directed by Mukesh Ambani, has signed a groundbreaking $3 billion agreement with Samsung C&T, an affiliate of South Korea’s Samsung Group, to supply green ammonia for 15 years.

This agreement, which was announced on Monday, is a big step towards the green energy sector in India. Its supply in the deal will begin in the second half of the fiscal year 2029.

This is among the largest long-term green ammonia offtake agreements worldwide and it comes as other countries, such as Japan and South Korea, are progressively moving towards low-carbon fuels, such as hydrogen and ammonia, to cut emissions in industry and in power generation.

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This green ammonia emphasis strategy is in line with its overall clean-energy ambitions, in which Reliance strives to create a comprehensive clean-energy manufacturing ecosystem. The ammonia that is produced under this transaction will be green, which will be based on hydrogen generated with renewable electricity, which is a major aspect of cutting carbon.

The sustainability of Reliance is not limited to ammonia since it is constructing a clean energy ecosystem, which is comprehensive at its Dhirubhai Ambani Green Energy Giga Complex in Jamnagar, Gujarat. The plant will also generate aviation fuel and e-methanol that is green, solar modules, batteries and electrolysers.

Anant Ambani, Executive Director of Reliance Industries, stated, "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."

The current investment by Reliance into renewable energy, with an announcement of a 10-billion investment in 2021, is preconditioning the Indian domination of green energy innovation, especially with the world moving towards sustainable energy solutions.