Ahmedabad, July 10 (IANS). Adani Enterprises Limited (AEL), the flagship company of Adani Group, and French clean-tech company Dioxygen have announced a long-term partnership to develop and scale up low-carbon chemical production in India.
According to a company statement, this initiative will start with a pilot project at a plant of Adani Group, where formic acid will be produced with the help of captured carbon dioxide (CO2) and renewable electricity. After the pilot project is successful, this technology will be implemented on a commercial scale.
Formic acid and its related products are widely used in many industries including textiles, agriculture and manufacturing. The project aims to show that captured carbon emissions can be converted into useful industrial products with the help of clean energy.
The partnership will combine Dioxygen’s electricity-based chemical production technology with Adani Group’s clean energy capabilities, strong infrastructure and project implementation expertise, with the aim of creating a new model of sustainable and cost-competitive chemical production.
Jeet Adani, Director, Adani Group, said, “We are proud to launch India’s first formic acid production facility that will be based entirely on renewable electricity and captured carbon. This partnership with Dioxygen shows that a challenge like carbon can be transformed into a sustainable and economically profitable asset through strategic industrial collaboration.”
Sarah Lamison, Chief Executive Officer (CEO) and co-founder of Dioxycal, said, “This partnership shows that the combination of clean technology and large industrial scale can change the way essential chemicals are produced. India has renewable energy, strong manufacturing capacity and the potential for large-scale expansion. Together with Adani Group, we aim to create a competitive and large-scale model of low-carbon chemical production.”
Both the companies will not be limited to just formic acid in future, but will also work on the development of other chemicals used in sectors like energy, packaging, materials and manufacturing. Fossil fuel based raw materials are still used extensively in these sectors and the pressure to reduce carbon emissions is continuously increasing.
This initiative is an important strategic entry into the chemical sector for Adani Group. This will allow the Group to expand into new future-ready businesses by leveraging its existing strengths in renewable energy and infrastructure.
This partnership is also an example of growing cooperation in clean technologies between India and Europe. Global supply chains are now moving towards more sustainable options and India is emerging as a preferred hub for advanced manufacturing due to its industrial capacity, large market and abundant renewable energy resources.
According to the company, this initiative will also strengthen the national goals of ‘Make in India’ and ‘Develop India 2047’, thereby promoting technology-led growth, strengthening domestic manufacturing capacity and accelerating India’s transition towards a competitive and sustainable economy.
–IANS
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