Adani Enterprises partners with Dioxycle for low-carbon chemical production in India
businesstoday.inAdani Enterprises has partnered with French clean-tech firm Dioxycle to develop low-carbon chemical production in India. The collaboration starts with a pilot facility that will manufacture formic acid using renewable energy and captured carbon dioxide. The companies plan to scale up for commercial production later, targeting industrial sectors like textiles and agriculture where formic acid and its derivatives are widely used. The stock rose nearly 2% on the news, with a market cap of Rs 4.17 lakh crore. The partnership aims to show how captured CO2 can be turned into high-value industrial chemicals through clean energy processes. This marks Adani Group's entry into low-carbon chemicals, a sector that could help reduce industrial emissions across multiple industries. The pilot facility will test the technology before any commercial scale-up, so the real test will be whether the process can deliver at scale and at competitive cost.