Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, has partnered with French clean-tech company Dioxycle to develop and scale low-carbon chemical manufacturing in India, marking the conglomerate’s strategic entry into the chemicals sector.
The long-term partnership will begin with a pilot facility at an Adani Group site to produce formic acid using captured carbon dioxide (CO₂) and renewable electricity. Subject to successful validation, the companies plan to scale up the technology for commercial production.
The initiative is expected to demonstrate how captured carbon emissions can be converted into valuable industrial chemicals using clean energy, creating a sustainable and cost-competitive manufacturing model.
Pilot to produce green formic acid
The pilot project will leverage Dioxycle’s electrically driven chemical manufacturing technology and Adani Group’s renewable energy capabilities, infrastructure platform and project execution expertise.
Formic acid and its derivatives are widely used across industries, including textiles, agriculture and manufacturing, making it a key industrial chemical with significant market potential.
The companies said the collaboration represents a new approach to chemical production by transforming carbon emissions into commercially valuable products while reducing dependence on fossil-based feedstocks.
Strategic entry into chemicals
For Adani Group, the partnership marks its entry into the chemicals business, expanding its portfolio beyond infrastructure, logistics and renewable energy into future-ready manufacturing.
The partners also plan to explore a wider portfolio of low-carbon chemicals for sectors such as energy, materials, packaging and manufacturing, many of which are under increasing pressure to decarbonise their operations.
Strengthening India-Europe clean-tech collaboration
The collaboration also reflects growing India-Europe cooperation in clean technologies and advanced manufacturing.
With global supply chains increasingly seeking sustainable production alternatives, the partners believe India is well positioned to emerge as a preferred manufacturing destination, supported by its expanding renewable energy capacity, industrial ecosystem and engineering capabilities.
The initiative aligns with the Government’s ‘Make in India’ and ‘Viksit Bharat 2047’ vision by promoting technology-led manufacturing, strengthening domestic industrial capabilities and accelerating the country’s transition towards a low-carbon economy.
Executive speak
Adani Group Director Jeet Adani said, “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.”
Dioxycle Chief Executive Officer and Co-Founder Sarah Lamaison said, “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.”
A step towards circular carbon economy
The project underscores the growing role of carbon utilisation technologies in supporting industrial decarbonisation. By converting captured CO₂ into value-added chemicals, the partnership aims to reduce emissions while creating new commercial opportunities in sustainable manufacturing.
As demand for green chemicals rises globally, the collaboration could position India as an emerging hub for low-carbon chemical production.