Adani Enterprises, France's Dioxycle partner to develop low-carbon chemical production in India
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Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, has entered into a long-term partnership with French clean-technology company Dioxycle to develop and scale low-carbon chemical manufacturing in India, beginning with a pilot facility to produce formic acid using captured carbon dioxide and renewable electricity.
The pilot plant will be set up at an Adani Group site and is expected to demonstrate the commercial viability of converting captured carbon emissions into valuable industrial chemicals using clean energy. Subject to successful validation, the two companies plan to scale the technology for commercial production.
Formic acid and its derivatives are widely used across industries such as textiles, agriculture and manufacturing. The initiative aims to showcase a sustainable production model by combining carbon capture with renewable power.
The partnership brings together Dioxycle's electrically driven chemical manufacturing technology and Adani Group's renewable energy capabilities, infrastructure platform and project execution expertise to develop cost-competitive, low-carbon 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.
Sarah Lamaison, Chief Executive Officer and Co-Founder of Dioxycle, said the collaboration highlights how clean technology and industrial scale can transform the production of essential chemicals. "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," she said.
Beyond formic acid, the companies will explore opportunities to produce a wider range of low-carbon chemicals used across sectors including energy, materials, packaging and manufacturing, many of which currently depend on fossil-based feedstocks.
For the Adani Group, the partnership marks its strategic entry into the chemicals sector, expanding its portfolio beyond renewable energy and infrastructure into future-focused manufacturing businesses.
The companies said the collaboration also reflects growing India-Europe cooperation in clean technologies. With global supply chains increasingly seeking sustainable alternatives, they believe India is well-positioned to emerge as a manufacturing hub, backed by its industrial scale, renewable energy capacity and production capabilities.
The initiative aligns with the government's "Make in India" and Viksit Bharat 2047 vision by promoting technology-led industrial growth, strengthening domestic manufacturing and supporting the country's low-carbon transition.