Reliance Signs $3 Billion Green Ammonia Deal with Samsung

Reliance Industries Ltd., India's largest conglomerate by market value, announced on March 16 a binding 15-year agreement to supply green ammonia to Samsung C&T Corporation of South Korea, in a deal valued at more than $3 billion. The supply will commence in the second half of fiscal year 2029, marking one of the largest long-term offtake contracts for the clean fuel worldwide.

The agreement, detailed in a company filing, positions Reliance as a key supplier in the global shift toward low-carbon energy sources. Green ammonia, produced by combining nitrogen with hydrogen generated from renewable electricity, serves as a versatile fuel for industries and a means to transport hydrogen without the need for specialized infrastructure. Officials at Reliance described the partnership as a milestone that supports the expansion of its integrated new energy platform, which encompasses renewable power generation, energy storage, green hydrogen production, and downstream green chemicals.

This deal aligns closely with India's National Green Hydrogen Mission, a government initiative launched to produce 5 million metric tons of green hydrogen annually by 2030 and attract investments nearing...