Reliance Industries signs binding, long-term offtake agreement with Samsung C&T for green ammonia

Reliance Industries Ltd. announced mid-March that it has entered into a binding long-term supply and purchase agreement with Samsung C&T Corp. of South Korea for the supply of green ammonia over a 15-year period, beginning in the second half of fiscal-year 2029.

The deal, valued at more than $3 billion, is one of the largest binding long-term green-ammonia offtake agreements globally.

According to Reliance Industries, the agreement sets a new benchmark in the global energy landscape, with India emerging as an exporter of green fuels produced through an end-to-end value chain anchored in the country, including the domestic manufacturing of critical clean-energy equipment, aligned with India’s National Green Hydrogen Mission.

Reliance Industries said it is developing a fully integrated new-energy platform spanning renewable energy, energy storage, green hydrogen, and downstream green fuels and chemicals, supported by in-house manufacturing of critical clean-energy technologies.

A central pillar of its new-energy ecosystem is the indigenization of critical clean-energy technologies in India, including solar modules, battery energy storage systems (BESS), and electrolyzer systems, in line with the government of India’s vision for self-reliance and domestic-manufacturing leadership.

By integrating these capabilities within a single ecosystem, Reliance Industries said it aims to deliver green-energy solutions that are competitive, scalable and reliable for global markets while strengthening India’s industrial base.

According to Reliance Industries, the agreement with Samsung C&T is the first in a series of long-term offtake partnerships supporting the scale-up of the company’s new-energy platform.

“We are proud to partner with Samsung C&T to supply green ammonia that is cost-competitive and reliable,” said Shri Anant Ambani, Reliance Industries’ executive director. “This partnership marks an important step in India’s clean-energy journey. Reliance Industries’ new-energy initiative aims not only to advance the energy transition but also to build a strong industrial platform for India by integrating India’s renewable resources with the country’s manufacturing leadership, world-class talent and innovation to produce value-added green fuels and chemicals at scale. At the heart of this vision is our commitment to indigenizing the critical technologies of the energy transition—solar, battery energy storage systems, and electrolyzers—under a strong ‘make-in-India’ framework. 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.”