Mumbai (Maharashtra) [India], March 16 (ANI): Reliance Industries Limited (RIL) has entered into a binding long-term Supply and Purchase Agreement (SPA) with Samsung C&T Corporation, South Korea, for the supply of Green Ammonia over a 15-year period commencing in the second half of FY2029.

According to a press release shared by Reliance Industries, 'The SPA, valued at more than USD 3 billion, is one of the largest binding long-term Green Ammonia off-take agreements globally.'

The 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 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, stated the release.

A central pillar of RIL's New Energy ecosystem is the indigenisation of critical clean-energy technologies in India, including Solar modules, Battery Energy Storage Systems (BESS), and Electrolyser systems, in line with the Government of India's vision for self-reliance and domestic manufacturing leadership.

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.

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 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,' he further said.

'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,' he added. (ANI)