Adani Enterprises and Dioxycle Partner to Drive Low-Carbon Chemical Manufacturing in India

Adani Enterprises and Dioxycle Partner to Drive Low-Carbon Chemical Manufacturing in India​

Ahmedabad and Paris, July 09, 2026: Adani Enterprises Ltd (AEL), a flagship entity of the Adani Group, and Dioxycle, a French clean technology company specializing in chemical manufacturing, have announced a long-term partnership. The collaboration aims to develop and scale low-carbon chemical production within India.

The initiative is set to begin with a pilot facility located at an Adani Group site. This initial project will focus on producing formic acid using captured carbon dioxide (CO₂) and renewable electricity. Following the successful validation of the process, the partners plan to transition the technology toward commercial manufacturing.

Formic acid and its derivatives are widely utilized across various sectors, including textiles, agriculture, and manufacturing. The partnership is designed to demonstrate that captured carbon emissions can be converted into valuable products using clean energy. This collaboration combines Dioxycle's electrically driven chemical manufacturing technology with Adani Group's established infrastructure platform and clean-energy capabilities, establishing a model for sustainable and cost-competitive production.

"We are proud to pilot India's first formic acid production facility powered entirely by renewable electricity and captured carbon," said Mr. Jeet Adani, Director at Adani Group. He added that the partnership showcases how strategic industrial synergies can transform carbon liabilities into sustainable economic assets.

Dr. Sarah Lamaison, Chief Executive Officer (CEO) and Co-Founder of Dioxycle, stated: "This partnership demonstrates how clean technology and industrial scale can come together to reshape essential chemical production. India presents a unique combination of renewable energy, manufacturing capacity, and ambition. With Adani, we aim to build a competitive model for low-carbon chemical production."

While the initial focus is on formic acid, the partners intend to explore opportunities for a broader portfolio of chemicals. This includes materials needed by sectors such as energy, packaging, and manufacturing—industries that currently rely heavily on fossil-based feedstocks and face pressure to reduce emissions.

For the Adani Group, this venture represents a strategic entry into the chemical sector, leveraging its existing strengths in renewable energy and infrastructure while expanding its portfolio of future-ready businesses. The partnership also highlights growing clean technology cooperation between India and Europe. As global supply chains increasingly seek sustainable alternatives, India is positioning itself as a preferred location for advanced manufacturing due to its scale and renewable resources.

Partnership Details​

AEL, as the flagship entity of the Adani Group, has a history of building significant infrastructure businesses across sectors such as ports, energy solutions, and power. The next generation of its strategic investments is centered on green hydrogen ecosystem, airport management, data centers, roads, copper, and petrochemicals.

ADANIENT Stock Price Movement​

As of 12:22 PM, Adani Enterprises Limited shares rally higher, gaining 2.55% and trading at ₹3162.20. The stock remains within its daily volatility, having tested a high of ₹3172.5 while the intraday low was recorded at ₹3100.