Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, and Dioxycle, a French clean-technology firm specialising in electrochemical manufacturing, on Friday, 10 July announced a long-term strategic partnership to develop and scale low-carbon chemical production 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 — what the companies describe as India's first such facility.

What the Pilot Will Do

The pilot plant will use Dioxycle's electrically driven chemical manufacturing technology, which converts captured CO₂ into formic acid without relying on fossil-based feedstocks. Adani brings its renewable energy infrastructure, project execution scale, and industrial platform to the venture. Following successful validation of the pilot, the partners plan to transition to full commercial-scale manufacturing.

Formic acid and its derivatives are widely used across textiles, agriculture, and manufacturing sectors. The project is designed to demonstrate that captured carbon emissions can be converted into commercially viable products using clean energy — a model the partners say could be replicated across the chemicals industry.

What the Two Companies Said

Jeet Adani, Director of the Adani Group, 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.'

Sarah Lamaison, Chief Executive Officer and Co-Founder of Dioxycle, 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.'

Broader Portfolio and Sectoral Ambitions

Beyond formic acid, the partners intend to explore a wider portfolio of low-carbon chemicals serving sectors including energy, materials, packaging, and manufacturing — industries that continue to depend on fossil-based feedstocks and face mounting pressure to cut emissions. For the Adani Group, the initiative marks a strategic entry into the chemicals sector, extending its existing strengths in renewable energy and infrastructure.

India-Europe Clean Tech Collaboration

The deal reflects a broader trend of India-Europe collaboration in clean technologies. As global supply chains seek sustainable alternatives to conventional chemical production, India is increasingly positioned as an advanced manufacturing destination, backed by its industrial scale and growing renewable energy capacity. According to the company statement, the initiative aligns with the national objectives of 'Make in India' and Viksit Bharat 2047, supporting technology-led growth and accelerating India's shift toward a more competitive, low-carbon economy.

What Comes Next

The immediate focus is validating the pilot facility's technical and commercial performance. A successful outcome would pave the way for scaled commercial manufacturing of formic acid, followed by expansion into adjacent chemical categories. The timeline for pilot completion has not been disclosed publicly.