Reliance signs $3B green ammonia deal
Change
Reliance Industries signed a binding 15-year Supply and Purchase Agreement to supply green ammonia to Samsung C&T, valued at more than $3 billion and commencing in the second half of FY2029.
Why it matters
Reliance Industries executed a binding Supply and Purchase Agreement to deliver green ammonia to Samsung C&T. The SPA covers a 15-year delivery period beginning in the second half of FY2029. The contract is valued at more than $3 billion. The agreement is described as among the largest binding long-term green ammonia offtake agreements and aligns with the National Green Hydrogen Mission.
Implications
- • Reduces the volume of green ammonia available for other buyers during the 15-year contract.
- • Requires multi-year production allocation and scheduling by Reliance's supply-chain teams.
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