Indian company, Reliance Industries, has entered a 15-year Supply and Purchase Agreement (SPA) with Samsung C&T Corporation, in South Korea, beginning in the final months of 2029.

The Supply and Purchase Agreement is valued at US$3 billion (€2.5 billion).

The agreement with Samsung C&T is the first of a series of long-term offtake partnerships using Reliance Industries’ New Energy platform.

Reliance Industries’ New Energy platform includes electrolyser systems, battery energy storage systems and solar modules, creating an end-to-end ammonia value chain.

Shri Anant Ambani, Executive Director, Reliance Industries, 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.”