Reliance Industries signs a $3 billion, 15-year green ammonia offtake agreement with Samsung C&T, among the largest globally
Deal aligns with India’s National Green Hydrogen Mission, reinforcing domestic manufacturing and export ambitions
Marks early commercial validation of large-scale green hydrogen derivatives in global energy trade
A Long-Term Bet on Green Fuel Trade
Reliance Industries Limited has signed a binding long term Supply and Purchase Agreement with Samsung C&T Corporation to supply green ammonia over 15 years, beginning in the second half of FY2029. Valued at more than $3 billion, the agreement ranks among the largest green ammonia offtake deals globally and positions India as an emerging exporter of low-carbon fuels.
The contract reflects a shift in global energy markets, where long duration offtake agreements are becoming essential to de-risk large scale hydrogen and derivative fuel investments. For Reliance, the deal provides early revenue certainty for its expanding New Energy platform, while Samsung C&T secures long-term access to clean fuel supply to support decarbonisation strategies across Asia.
Anchored in India’s Hydrogen Policy Push
The agreement is closely tied to National Green Hydrogen Mission, India’s flagship policy aimed at scaling domestic hydrogen production and positioning the country as a global hub for green fuel exports. By linking production, manufacturing, and export infrastructure, the deal demonstrates how policy frameworks are translating into commercial contracts.
Reliance is building a fully integrated New Energy ecosystem that spans renewable generation, battery storage, green hydrogen production, and downstream fuels such as green ammonia. The company is also investing heavily in domestic manufacturing of critical technologies, including solar modules, battery energy storage systems, and electrolysers.
This vertical integration is central to cost competitiveness. By localising the supply chain, Reliance aims to reduce dependency on imported technologies while supporting India’s broader industrial strategy focused on self-reliance and manufacturing scale.
Building a Scalable Industrial Platform
The Samsung C&T agreement is expected to be the first in a series of long term offtake partnerships underpinning Reliance’s New Energy expansion. Such agreements are critical in enabling project financing, particularly in capital-intensive sectors like hydrogen and ammonia where upfront costs remain high and demand certainty is still emerging.
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 valueadded 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. 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.”
The emphasis on gigafactory scale manufacturing reflects a broader trend among energy majors seeking to control both production and technology development to improve margins and supply security.
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What This Means for Investors and Industry
For investors, the agreement offers a tangible signal that global demand for green ammonia is beginning to crystallise into bankable contracts. Long-term offtake structures reduce revenue volatility and improve the financing profile of large scale hydrogen projects, making them more attractive to institutional capital.
For corporates, particularly in heavy industry and shipping, the deal highlights the growing availability of green fuel supply chains outside traditional energy exporters. South Korea’s participation also illustrates how import dependent economies are securing future low-carbon fuel supplies through early partnerships.
At a governance level, the agreement demonstrates how national industrial policy, corporate investment, and international trade are converging to accelerate the energy transition.
A Global Shift in Energy Trade Flows
The Reliance-Samsung C&T agreement reflects a broader reconfiguration of global energy markets. As countries seek to decarbonise hard-to-abate sectors, green ammonia is emerging as a key carrier for hydrogen in international trade.
India’s entry into this market, backed by domestic manufacturing and policy support, introduces a new competitive player alongside established energy exporters. If replicated at scale, such agreements could reshape trade flows, linking renewable-rich economies with industrial demand centers across Asia and beyond.
For the global energy system, the message is clear: the transition is moving from pilot projects to long-term contracts, with capital, policy, and industrial strategy aligning around scalable, export-oriented green fuel ecosystems.
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