Reliance Industries Limited (RIL; Mumbai, India; www.ril.com) has entered into a binding long-term supply and purchase agreement (SPA) with Samsung C&T Corporation (Seoul, South Korea; www.samsungcnt.com) for the supply of green ammonia over a 15-year period commencing in the second half of FY2029.
The SPA, valued at more than US$3 billion, is one of the largest binding long-term green ammonia offtake agreements globally. The SPA 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 (NGHM).
Building a new global benchmark for green energy, RIL 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 RIL’s 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, RIL aims to deliver green energy solutions that are competitive, scalable, and reliable for global markets while strengthening India’s industrial base.
The agreement with Samsung C&T is the first in a series of long-term offtake partnerships supporting the scale-up of RIL’s New Energy platform. Shri Anant Ambani, Executive Director, Reliance Industries Limited, said: “We are proud to partner with Samsung C&T to supply green ammonia that is cost-competitive and reliable. This partnership marks an important step in India’s clean-energy journey. RIL’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 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.”