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Home / Mergers & Acquisitions / Adani Enterprises Partners with Dioxycle to Develop Low-Carbon Chemical Manufacturing in India
MA · Mergers & Acquisitions

Adani Enterprises Partners with Dioxycle to Develop Low-Carbon Chemical Manufacturing in India

Adani Enterprises Limited (AEL) has announced a strategic partnership with French clean-technology company Dioxycle to establish a pilot project for the production of low-carbon chemicals in India. The collaboration marks a significant step toward sustainable industrial manufacturing by using captured carbon dioxide (CO₂) and renewable electricity to produce environmentally friendly chemical products.

The initiative aligns with India’s growing focus on green manufacturing, carbon reduction, and clean technology innovation while supporting the country’s long-term sustainability goals.

Pilot Facility to Produce Low-Carbon Formic Acid

As part of the partnership, Adani Enterprises and Dioxycle will develop a pilot-scale production facility that converts captured carbon dioxide into formic acid using renewable electricity.

Formic acid is an important industrial chemical widely used across sectors such as:

  • Leather processing
  • Textile manufacturing
  • Agriculture
  • Rubber production
  • Chemical synthesis
  • Pharmaceuticals

The innovative production process aims to reduce carbon emissions by transforming captured CO₂ into a valuable commercial product rather than releasing it into the atmosphere.

Following successful validation of the pilot project, the partners plan to explore commercial-scale manufacturing.

Turning Carbon Emissions into Valuable Products

The partnership focuses on utilizing advanced carbon conversion technology to support the transition toward a circular carbon economy.

Instead of treating carbon dioxide solely as an industrial emission, the project seeks to convert it into useful chemicals that can be used across multiple industries.

This approach offers several potential benefits:

  • Lower carbon emissions
  • Reduced dependence on fossil-based feedstocks
  • Sustainable chemical production
  • Better utilization of captured CO₂
  • Support for industrial decarbonization

The initiative represents an important step in developing environmentally responsible manufacturing solutions.

Expanding into Low-Carbon Chemicals

For Adani Enterprises, the collaboration marks its entry into the rapidly emerging low-carbon chemicals sector.

The company plans to leverage its existing strengths in:

  • Renewable energy generation
  • Industrial infrastructure
  • Manufacturing capabilities
  • Energy transition initiatives

By integrating clean energy with advanced carbon utilization technologies, Adani aims to build new businesses focused on sustainable industrial growth.

Supporting India’s Green Manufacturing Vision

The partnership also complements India’s broader sustainability initiatives, including:

  • Decarbonization of industrial operations
  • Expansion of clean technology manufacturing
  • Promotion of advanced chemical production
  • Growth of renewable energy-based industries
  • Development of high-value manufacturing under the Make in India initiative

The collaboration also highlights increasing cooperation between Indian and European companies in developing next-generation clean technologies.

Scope for Future Expansion

Beyond formic acid production, Adani Enterprises and Dioxycle plan to evaluate opportunities to manufacture additional low-carbon chemicals.

These products could serve industries including:

  • Energy
  • Packaging
  • Advanced materials
  • Specialty chemicals
  • Industrial manufacturing

The long-term objective is to create commercially viable alternatives to conventional fossil fuel-based chemical production.

Management Perspective

Commenting on the partnership, Jeet Adani, Director, Adani Group, said the collaboration demonstrates how strategic industrial partnerships can transform carbon emissions into sustainable economic opportunities while supporting future-ready manufacturing.

The initiative reflects the group’s continued focus on innovation, sustainability, and building businesses that contribute to India’s clean energy transition.