The green ammonia offtake agreement sets a new benchmark in the global energy landscape, with India emerging as an exporter of green fuels produced through an end-to-end indigenous value chain anchored in the country.
Reliance Industries Ltd (RIL), India’s largest private-sector company, has entered into a binding long-term supply and purchase agreement (SPA) with Samsung C&T Corp. of South Korea for the supply of green ammonia over a 15-year period commencing in the second half of FY2029.
The SPA, valued at more than $3 billion, is one of the largest binding long-term green ammonia off-take agreements globally. It 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).
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 including solar modules, battery energy storage systems (BESS), and electrolyser systems.
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.
“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 indigenising the critical technologies of the energy transition — Solar, Battery Energy Storage Systems, and Electrolysers — under a strong Make-in-India framework,” said Anant Ambani, Executive Director, Reliance Industries Ltd. “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.”
Reliance Industries Ltd (RIL) reported a consolidated revenue of INR 10,71,174 crore ($125.3 billion), cash profit of INR 1,46,917 crore ($17.2 billion) and net profit of INR 81,309 crore ($9.5 billion) for the year ended March 31, 2025. Through its New Energy business, Reliance is building a mega-scale solar and storage project in Kutch to provide round-the-clock renewable power and support integrated green hydrogen and ammonia production.
Founded in 1938, Samsung C&T Trading & Investment Group operates a global business network with over 70 offices in 40 countries. The company specializes in the trading of key industrial materials – including steel, chemicals, and non-ferrous metals – and the development of renewable energy projects.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
Popular content
