New Delhi: Reliance Industries Ltd (RIL) has signed a binding long-term agreement to supply green ammonia to South Korea’s Samsung C&T over 15 years, the company said on Monday. Reliance said it “has entered into a binding long-term supply and purchase agreement (SPA) with Samsung C&T Corporation, South Korea, for the supply of Green Ammonia over a 15-year period commencing in the second half of FY2029.”
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RIL said the SPA is “valued at more than USD 3 billion” and described it as “one of the largest binding long-term green ammonia off-take agreements globally.” The supply is scheduled to commence in the second half of fiscal 2029.
Green ammonia is made using renewable energy rather than fossil fuels: hydrogen is produced by electrolysis of water using renewable electricity and combined with nitrogen from the air to create ammonia. Unlike conventional ammonia produced from natural gas, green ammonia is a carbon-free or low-carbon alternative. It has multiple uses — as a fertiliser, an industrial chemical, or as a fuel for power generation and shipping.
Reliance said it is building “a fully integrated new energy platform encompassing renewable energy, energy storage, green hydrogen, and downstream green fuels and chemicals, supported by in-house manufacturing of solar modules, battery energy storage systems (BESS), and electrolyser systems.” The company positioned the deal as evidence that India can emerge as an exporter of green fuels produced through “a fully indigenous value chain, including domestic manufacturing of critical clean-energy equipment.”
In its statement, Reliance said, "A central pillar of the company's new energy ecosystem is the indigenisation of critical clean energy technologies in India, including Solar modules, Battery Energy Storage Systems (BESS), and Electrolyser systems, in line with the Government of India's vision for self-reliance and domestic manufacturing leadership."
The company added: "By integrating these capabilities within a single ecosystem, RIL aims to deliver green energy solutions that are competitive, scalable, and reliable for global markets while strengthening India's industrial base."
RIL said the Samsung C&T agreement is the first in a series of long-term offtake partnerships intended to support the scale-up of the company’s New Energy platform.
Anant Ambani, Executive Director, Reliance, said the tie-up with Samsung C&T will help scale the company’s green hydrogen ecosystem and manufacturing capacity. He said: "This partnership marks an important step in India’s clean-energy journey. Reliance's 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 indigenising the critical technologies of the energy transition - Solar, Battery Energy Storage Systems, and Electrolysers - 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," he added.
Reliance’s New Energy business is anchored by the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar, a 5,000-acre hub the company says will integrate solar, storage, hydrogen and ammonia production with advanced manufacturing gigafactories. Reliance has set a target of achieving net-zero carbon emissions by 2035.
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Samsung C&T, founded in 1938, operates a global network across 40 countries. The company trades industrial materials and develops renewable energy projects; it will be the long-term offtaker under the SPA.