Starting With a Formic Acid Pilot Facility
The first step is a pilot facility at an Adani Group site. It will produce formic acid, a chemical widely used in textiles, agriculture, and manufacturing, using two inputs that conventional plants typically discard or avoid: captured carbon dioxide and renewable electricity. If the pilot performs as expected, the partners intend to scale up for full commercial manufacturing.
Formic acid is just the starting point. The partnership covers a broader set of chemicals used across energy, materials, packaging, and manufacturing industries, sectors that have historically depended on fossil-based feedstocks and now face mounting pressure to clean up their supply chains.
How Dioxycle's Technology Works
Dioxycle was founded in 2021 and is headquartered in Paris, with operations in France and the United States. Its manufacturing process works differently from conventional chemical production. Instead of fossil fuels, it uses CO₂ emissions and salt streams as raw material inputs. The process itself replaces the usual multi-step, fossil fuel-based production chain with fewer, simpler electrically driven steps, making the process cleaner and potentially more cost-efficient at commercial scale, according to the company.
The technology has already been validated at industrial module scale. Dioxycle has raised $40 million from investors including Breakthrough Energy Ventures, Lowercarbon Capital, Gigascale Capital, Collaborative Fund, and Woven Earth Ventures, and has received grants from both the EU and the French government.
What This Means for Adani Enterprises
Chemicals is not a sector Adani Enterprises has operated in directly before. The company's model over the decades has been to incubate large infrastructure businesses: ports, airports, power, green energy and eventually list them as separate entities. That model has produced Adani Ports and SEZ, Adani Power, Adani Green Energy, Adani Total Gas, and Adani Wilmar, among others.
Its current pipeline points towards green hydrogen, data centres, roads, copper, and petrochemicals. The Dioxycle partnership sits alongside these bets, extending the group's footprint into low-carbon industrial chemistry.
Jeet Adani, Director at Adani Group, said the partnership shows how industrial synergies can turn carbon liabilities into economic assets. Dr. Sarah Lamaison, CEO and Co-Founder of Dioxycle, said India's scale, renewable energy base, and manufacturing ambition make it the right place to build a competitive low-carbon chemicals business.
India-Europe Clean Technology Collaboration
The deal also reflects something broader, a gradual deepening of India-Europe ties in clean technology. Global manufacturers are under pressure to reduce the carbon footprint of their supply chains, and India is increasingly being considered a credible location for advanced manufacturing partnerships, given its renewable energy capacity and industrial scale.
The initiative aligns with the government's Make in India and Viksit Bharat 2047 programmes, both of which prioritise technology-led domestic manufacturing growth.
Conclusion
Adani Enterprises and Dioxycle have announced a long-term tie-up to produce low-carbon chemicals in India, with a formic acid pilot facility powered by captured CO₂ and renewable electricity as the starting point. For Adani, it marks an entry into a new industrial vertical. For Dioxycle, India represents the next stage of commercial scale-up.
