BUSINESS
Billionaire Mukesh Ambani Reliance Inks $3 Billion Green Ammonia Deal
Billionaire Mukesh Ambani's Reliance Industries has signed a landmark $3 billion agreement to supply green ammonia to Korea's Samsung C&T, signaling a major push into sustainable energy.
By Vanessa · · 5 min read read
Photo by Sean Pollock on Unsplash
Billionaire Mukesh Ambani's Reliance Industries has inked a landmark $3 billion deal to supply green ammonia to Samsung C&T of South Korea, marking one of the largest clean energy agreements in history. The deal underscores the growing global demand for sustainable fuel alternatives.
Green ammonia, produced using renewable energy, is seen as a key fuel for decarbonizing shipping, agriculture, and power generation industries worldwide.