India and Samsung Sign $3 Billion Green Fuel Deal

One of the world's largest green fuel agreements just brought us closer to a carbon-free future.

Reliance Industries, India's biggest private sector company, signed a binding 15-year contract with Samsung C&T Corp. of South Korea to supply green ammonia starting in late 2029. The deal is worth more than $3 billion and ranks among the largest long-term green ammonia agreements ever made globally.

Green ammonia produces zero carbon emissions during manufacturing, unlike traditional ammonia made from fossil fuels. It's created using renewable energy to split water into hydrogen, which then combines with nitrogen from the air.

The agreement supports India's National Green Hydrogen Mission and signals that major corporations are betting real money on clean energy infrastructure. Reliance is building an entire ecosystem to make this happen, manufacturing solar panels, battery storage systems, and the specialized equipment needed to produce green hydrogen all under one roof.

Anant Ambani, executive director at Reliance Industries, explained the company is integrating renewable energy generation with domestic manufacturing to make green fuels competitive on price with traditional options. This approach aims to prove clean energy can scale globally while creating jobs and manufacturing capacity in India.

Reliance reported revenue of $125.3 billion and net profit of $9.5 billion for the year ending March 2025, giving it significant resources to invest in this transformation. The company is developing a massive solar and energy storage project in Kutch that will provide 24-hour renewable power for producing green hydrogen and ammonia.

The Ripple Effect

This deal does more than move molecules across borders. It creates a template for how developing nations can become clean energy exporters rather than just consumers of dirty fuels.

Samsung C&T operates in more than 40 countries and actively develops renewable energy projects worldwide. Their willingness to commit $3 billion over 15 years sends a message to other multinational corporations that green ammonia supply chains are reliable enough for major long-term investments.

Reliance says this is just the first of multiple planned partnerships tied to its new energy platform. Each new agreement will help drive down costs through economies of scale, making clean fuels more affordable for everyone.

The deal positions India as a serious player in the global green hydrogen economy, turning the country's abundant solar resources and manufacturing capabilities into export advantages. Other nations with similar resources are watching closely.

A cleaner industrial future just got $3 billion more real.