Reliance signs US$3 billion green ammonia supply deal with South Korea’s Samsung C&T
Published Mon, Mar 16, 2026 · 11:22 PM
[BENGALURU] India’s Reliance Industries said on Monday (Mar 16) it had signed a binding agreement with Samsung C&T, an affiliate of South Korea’s Samsung Group, to supply green ammonia for 15 years in a deal valued at more than US$3 billion.
Supply under the deal will begin in the second half of fiscal year 2029, the Indian conglomerate said in an exchange filing.
The deal, one of the largest long-term green ammonia offtake agreements globally, comes as countries including Japan and South Korea seek low-carbon fuels such as hydrogen and ammonia to cut emissions from industry and power generation.
Reliance said it is developing a clean-energy manufacturing ecosystem that includes solar modules, battery energy storage systems and electrolysers.
Green ammonia is produced by combining nitrogen with hydrogen made using renewable electricity and is seen as a low-carbon fuel and a way to transport hydrogen.
The company said partnerships such as the Samsung agreement would support the growth of its green hydrogen ecosystem and manufacturing facilities.
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Reliance announced plans in 2021 to invest US$10 billion in renewable energy, hydrogen and battery storage as it seeks to expand beyond its traditional oil-to-chemicals business. REUTERS
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