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

Adani Enterprises Limited (AEL), the flagship company of the Adani Group, has entered into a long-term partnership with France-based clean technology company Dioxycle to develop and scale low-carbon chemical manufacturing in India. The collaboration will initially focus on producing formic acid using captured carbon dioxide (CO₂) and renewable electricity, with plans to expand into commercial production after the pilot phase.

Pilot Project to Produce Formic Acid

The partnership will begin with a pilot facility at an Adani Group site to manufacture formic acid using captured CO₂ and renewable energy. If the pilot project proves successful, both companies intend to scale up the technology for commercial manufacturing.

Formic acid is widely used in industries such as textiles, agriculture and manufacturing. The project aims to demonstrate how captured carbon emissions can be converted into useful industrial products while reducing environmental impact.

Combining Technology and Clean Energy

The collaboration brings together Dioxycle's advanced electrochemical technology and Adani Group's expertise in renewable energy, infrastructure development and project execution.

According to Jeet Adani, Director of Adani Group, the project represents India's first renewable electricity-powered formic acid production facility using captured carbon dioxide. He said the partnership demonstrates how carbon emissions can be transformed into valuable and sustainable products.

Plans to Expand Into Other Low-Carbon Chemicals

Beyond formic acid, the two companies will explore manufacturing other essential chemicals used across sectors such as:

• Energy
• Packaging
• Materials
• Manufacturing 

Many of these industries continue to depend on fossil fuel-based raw materials. The partnership aims to develop cleaner alternatives that can help reduce industrial carbon emissions.

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Adani's Entry Into the Chemicals Business

The collaboration also marks Adani Group's strategic entry into the chemicals sector. The company plans to build on its existing strengths in renewable energy and infrastructure while expanding into future-focused businesses that support sustainable industrial growth.

Supporting India's Clean Manufacturing Goals

The initiative is expected to strengthen cooperation between India and Europe in clean technology development. It also supports India's broader objectives under the Make in India initiative and the Viksit Bharat 2047 vision by encouraging advanced manufacturing, technology-driven growth and sustainable industrial development.

Adani Enterprises Share Price Movement

On July 10, 2026, Adani Enterprises share price (NSE: ADANIENT) was trading at ₹3,162.50, up 2.56% (₹78.90) for the day as of 12:20 PM IST. The stock opened at ₹3,105.00 and moved between an intraday low of ₹3,100.00 and a high of ₹3,172.50. 

Conclusion

The partnership between Adani Enterprises and Dioxycle represents an important step towards developing low-carbon chemical manufacturing in India. By combining clean technology with renewable energy, the collaboration aims to reduce industrial emissions while creating sustainable chemical production solutions. If the pilot project is successful, it could pave the way for wider adoption of low-carbon manufacturing technologies across multiple industries.

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