The pilot plant will be established at an Adani Group site and will demonstrate how captured carbon emissions can be transformed into industrial chemicals through the use of renewable energy. Following successful validation of the technology, the partners plan to expand the project towards commercial-scale production.
Formic acid is an industrial chemical widely used in sectors including textiles, agriculture and manufacturing.
The collaboration marks Adani Group’s entry into low-carbon chemical production, expanding its operations beyond renewable energy and infrastructure businesses. The companies will also explore the production of other industrial chemicals used in energy, materials, packaging and manufacturing sectors, many of which currently depend on fossil fuel-based raw materials.
“We are proud to pilot India’s first formic acid production facility powered entirely by renewable electricity and captured carbon. This partnership with Dioxycle is a testament to how strategic industrial synergies can turn carbon liabilities into sustainable, cost-effective economic assets,” Jeet Adani, Director at Adani Group, said.
Dioxycle’s technology uses electricity and captured carbon dioxide instead of fossil fuels to manufacture chemicals. The technology aims to reduce emissions and decrease dependence on conventional production methods.
“This partnership demonstrates how clean technology and industrial scale can come together to reshape how essential chemicals are produced. India offers a unique combination of renewable energy, manufacturing capability, and ambition. Together with Adani, we aim to build a competitive and scalable model for low-carbon chemical production,” Sarah Lamaison, Chief Executive Officer and co-founder of Dioxycle, said.
The companies said the collaboration also reflects strengthening India-Europe cooperation in clean technologies as industries increasingly seek lower-carbon supply chains. The partnership highlights a move towards transforming captured carbon emissions into valuable industrial resources through innovative manufacturing solutions.
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