Reliance Industries Ltd. and Samsung C&T Corp. have signed a $3 billion agreement for green ammonia supply, according to Bloomberg Markets. This deal, driven by Reliance chairman Mukesh Ambani's push into renewable energy, signifies a major commitment to decarbonizing industrial processes. The partnership aims to supply green ammonia, produced using renewable energy, to global markets, addressing growing demand for sustainable alternatives to traditional fertilizers and fuels. Samsung C&T will leverage its expertise in green hydrogen and ammonia production, while Reliance provides access to its vast industrial infrastructure and financial resources. The $3 billion figure represents a substantial investment in scaling up this critical clean technology. Green ammonia production is seen as a key enabler for sectors like shipping and agriculture to reduce their carbon footprint, positioning both companies at the forefront of the energy transition.

Ambani's strategic move underscores Reliance's ambition to diversify beyond its traditional oil and gas dominance into high-growth, low-carbon technologies.