Adani Enterprises Ltd and Dioxycle partner to develop India’s first formic acid production facility powered by renewable electricity and captured carbon

Type: Partnership · Technology: Industrial · Country: India · Announced: 2026-07-10

Adani Enterprises Ltd (AEL) and French company Dioxycle announced a long-term partnership to develop and scale low-carbon chemical production in India, starting with a pilot facility at an Adani Group site to produce formic acid using captured carbon dioxide and renewable electricity. The initiative aims to validate the technology before scaling it for commercial manufacturing, with formic acid and its derivatives targeting industries such as textiles, agriculture, and manufacturing. The project combines Dioxycle’s electrically driven chemical manufacturing technology with Adani Group’s clean-energy infrastructure and project execution expertise to create a sustainable model for chemical production. Jeet Adani, Director of Adani Group, highlighted the pilot as India’s first formic acid facility powered entirely by renewable electricity and captured carbon, emphasizing the transformation of carbon liabilities into economic assets. Sarah Lamaison, CEO and co-founder of Dioxycle, underscored the partnership’s potential to reshape essential chemical production by leveraging India’s renewable energy capacity and manufacturing ambition.

Counterparties

Source article