Adani Enterprises and Dioxycle partner to build low-carbon chemical plant in India using captured CO2 and renewable power

Adani Enterprises has partnered with French cleantech firm Dioxycle to build a pilot plant in India that will produce formic acid from captured carbon dioxide and renewable electricity. The project, located at an Adani Group site, aims to demonstrate that industrial chemicals can be made without fossil fuel feedstocks. If the pilot works, the companies plan to scale up to commercial production of formic acid and other chemicals used in textiles, agriculture, and manufacturing. The partnership reflects growing India-Europe cooperation on clean technology and low-carbon supply chains. It also marks Adani's entry into low-carbon chemicals, expanding beyond its existing renewable energy and infrastructure businesses. The companies say the technology could turn carbon liabilities into economic assets, but the key question is whether the pilot can deliver at scale and at a cost that competes with conventional production.