Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, and French clean-technology innovator Dioxycle have announced a long-term partnership to accelerate the development of low-carbon chemical manufacturing in India.
The collaboration will begin with a pilot facility at an Adani Group site to produce formic acid using captured carbon dioxide and renewable electricity. If successfully validated, the partners will scale up the technology for commercial production, marking a major step towards cleaner industrial manufacturing.
Formic acid and its derivatives are essential inputs across industries including textiles, agriculture and manufacturing. The initiative aims to showcase how captured carbon emissions can be transformed into valuable industrial products by combining renewable energy with advanced chemical technologies.
The partnership brings together Dioxycle’s electrically driven chemical manufacturing platform with Adani Group’s renewable energy capabilities, infrastructure strength and large-scale project execution expertise. Together, the companies aim to establish a new benchmark for sustainable, cost-competitive chemical production.
“We are proud to pilot India's first formic acid production facility powered entirely by renewable electricity and captured carbon. This partnership with Dioxycle is a testament to how strategic industrial synergies can turn carbon liabilities into sustainable, cost-effective economic assets,” said Jeet Adani, Director, Adani Group.
"This partnership demonstrates how clean technology and industrial scale can come together to reshape how essential chemicals are produced. India offers a unique combination of renewable energy, manufacturing capability, and ambition. Together with Adani, we aim to build a competitive and scalable model for low-carbon chemical production," said Sarah Lamaison, Chief Executive Officer (CEO) and Co-Founder of Dioxycle.
The partnership will also explore the development of a wider portfolio of low-carbon chemicals serving sectors such as energy, materials, packaging and manufacturing. These industries continue to depend heavily on fossil-based feedstocks and are under growing pressure to cut emissions.
The collaboration strengthens India’s position in sustainable manufacturing while deepening clean-technology cooperation between India and Europe. By combining innovation, renewable power and industrial scale, Adani and Dioxycle aim to create pathways for a new generation of low-emission chemical production.