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Reliance signs $3 billion green ammonia supply deal with South Korea's Samsung C&T
https://www.reuters.com/world/india/reliance-signs-3-bln-green-ammonia-supply-deal-with-south-koreas-samsung-ct-2026-03-16/By Reuters
March 16, 202610:00 AM EDT
March 16 (Reuters) - India's Reliance Industries (RELI.NS) said on Monday it had signed a binding agreement with Samsung C&T (028260.KS), an affiliate of South Korea's Samsung Group, to supply green ammonia for 15 years in a deal valued at more than $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.
…
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.
…
March 16, 202610:00 AM EDT
March 16 (Reuters) - India's Reliance Industries (RELI.NS) said on Monday it had signed a binding agreement with Samsung C&T (028260.KS), an affiliate of South Korea's Samsung Group, to supply green ammonia for 15 years in a deal valued at more than $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.
…
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.
…