Adani and Dioxycle partner to build India's first low-carbon formic acid pilot plant

Adani Group and French startup Dioxycle have announced a partnership to build India's first low-carbon formic acid pilot plant. The facility will use captured CO2 emissions to produce formic acid, a chemical used in industries like leather tanning, agriculture, and pharmaceuticals. This approach replaces conventional fossil-based production with a process that sequesters carbon instead of releasing it. The pilot plant is part of a broader push to decarbonize India's industrial sector. If scaled, the technology could turn CO2 from industrial sources into a marketable chemical feedstock. The project is still in the pilot phase, so timelines and commercial viability are not yet clear. But it signals growing interest in carbon utilization as a real emissions reduction tool in India.