India-based energy and industrial conglomerate Reliance Industries announced the signing of a new $3 billion green ammonia supply agreement with South Korean construction and engineering company Samsung C&T, marking one of the largest long-term green ammonia offtake agreements globally to date.
Hydrogen, and related materials like ammonia, are viewed as one of the key building blocks of the transition to a cleaner energy future, given their ability to act both as clean energy carriers and fuels, as well as CO2-neutral feedstocks for the production of green chemicals.
Under the agreement, Reliance will supply green ammonia to Samsung over a 15-year period beginning in the second half of fiscal year 2029.
According to Reliance, the agreement forms the first in a series of long-term partnerships supporting the scale-up of the company’s New Energy platform, which includes investments across renewable energy, energy storage, green hydrogen, and downstream green fuels and chemicals, supported by in-house manufacturing of key clean energy technologies.
The agreement follows the launch of India’s National Green Hydrogen Mission in 2023, designed to establish India as a major green hydrogen production hub, with plans to reach 5 million tonnes of production and spur nearly $100 billion of investment by 2030. Reliance said that the new agreement will set a benchmark in the industry, with India emerging as a green fuels exporter through the development of an end-to-end value chain.
Shri Anant Ambani, Executive Director at Reliance Industries, said:
“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.”
