Reliance signs $3 billion deal with Samsung C&T for 15-year supply of Green Ammonia — Here’s all we know
Reliance Industries, $3 billion (approx. ₹A binding long-term Supply and Purchase Agreement (SPA) has been signed with South Korea’s Samsung C&T Corporation for the supply of Green Ammonia for a period of 15 years, starting in the second half of 2029.
In a statement today, March 16, Reliance said the deal “sets a new benchmark in the global energy landscape as India emerges as an exporter of green fuels produced through end-to-end indigenous value chain established in the country.”
RIL Executive Director Anant Ambani said the green ammonia supplied will be “cost competitive and reliable” and called the partnership “an important step in India’s clean energy journey”.
- It aims to develop a fully integrated new energy platform covering renewable energy, energy storage, green hydrogen and sub-green fuels and chemicals, supported by in-house production of critical clean energy technologies.
- RIL plans to integrate indigenization of critical clean energy technologies, including Solar modules, Battery Energy Storage Systems (BESS) and Electrolyzer systems, into a single ecosystem to “deliver competitive, scalable and reliable green energy solutions for global markets while strengthening India’s industrial base.”
What is Green Ammonia?
Green ammonia is produced using renewable energy sources instead of fossil fuels, making it a carbon-free or low-carbon alternative. Unlike traditional ammonia, which is made using natural gas, green ammonia is produced by combining green hydrogen (obtained through the electrolysis of water using renewable electricity) with nitrogen from the air. It can be used as fertilizer, industrial chemical or fuel for energy production and transportation.
Reliance’s New Energy business is supported by the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar, a 5,000-acre hub combining solar power, storage, hydrogen and ammonia production with advanced manufacturing gigafactories. The company aims to achieve net zero carbon emissions by 2035.
Founded in 1938, Samsung C&T operates a global network in 40 countries, trading industrial materials and developing renewable energy projects.
