Adani Enterprises has partnered with French clean tech firm Dioxycle to build India's first green formic acid plant. The pilot facility will use captured carbon dioxide and renewable electricity to produce formic acid, a chemical used in textiles, leather, agriculture, and as a potential hydrogen carrier. This marks Adani's entry into low-carbon chemicals and could set a precedent for carbon utilisation at industrial scale in India. The project combines Dioxycle's electrochemical carbon conversion technology with Adani's renewable energy and industrial infrastructure. If the pilot succeeds, the partners plan to scale up and explore production of other low-carbon chemicals. The initiative aligns with India's Make in India programme and growing renewable capacity, and reflects deeper India-Europe cooperation on climate tech. Formic acid is traditionally made from fossil fuels. This plant would instead use captured CO2 and renewable electricity, turning a waste stream into a useful product. The partnership could become an early example of carbon utilisation technology deployed at commercial scale in India, potentially offering a model for other industrial sectors looking to cut emissions while maintaining output.
