Reliance Industries Signs $3 Billion Green Ammonia Supply Agreement with Samsung C&T for 15 Years
Reliance Industries has signed a binding 15-year agreement with South Korea's Samsung C&T to supply green ammonia, valued at over $3 billion. Deliveries are set to commence in the second half of fiscal year 2029. This deal is among the largest long-term green ammonia agreements globally, supporting the demand for low-carbon fuels in countries like Japan and South Korea. Reliance is also developing a clean-energy manufacturing ecosystem, including solar modules and electrolysers, as part of its $10 billion investment in renewable energy and hydrogen.
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Reliance Industries has entered a 15-year agreement with Samsung C&T to supply green ammonia worth over $3 billion, with deliveries starting in the second half of fiscal year 2029. This agreement is recognized as one of the largest long-term green ammonia contracts worldwide, addressing the growing demand for low-carbon fuels in markets like Japan and South Korea.
Reliance is advancing a clean-energy manufacturing ecosystem, which includes solar modules, battery storage systems, and electrolysers. This partnership aligns with Reliance's strategy to invest $10 billion in renewable energy and hydrogen, expanding its operations beyond traditional oil and chemicals.
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