Adani Enterprises has entered the low-carbon chemicals sector through a long-term partnership with French climate-tech company Dioxycle. The two companies will jointly develop India’s first renewable-powered formic acid demonstration plant, marking a major step toward sustainable chemical manufacturing.
The pilot facility will use Dioxycle’s electrochemical technology to convert captured carbon dioxide into formic acid using renewable electricity. By replacing conventional fossil fuel-based production methods, the project aims to significantly reduce carbon emissions while producing an industrial chemical used in textiles, leather processing, agriculture, pharmaceuticals, and other manufacturing sectors.
Under the partnership, Dioxycle will contribute its proprietary carbon conversion technology, while Adani Enterprises will provide industrial infrastructure, engineering expertise, and support for scaling the technology in India. The collaboration is expected to accelerate the commercialisation of low-carbon chemical production in the country.
The initiative aligns with India’s broader clean energy and decarbonisation goals by promoting the use of captured carbon dioxide as a raw material instead of treating it as industrial waste. If successful, the demonstration plant could pave the way for commercial-scale production of low-carbon chemicals and support the development of a circular carbon economy.
The partnership also marks Adani Group’s entry into the emerging low-carbon chemicals industry, expanding its clean energy portfolio beyond renewable power, green hydrogen, and related infrastructure. The companies aim to demonstrate that renewable-powered chemical manufacturing can be both environmentally sustainable and commercially viable.
