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26 min ago 2 min read
Indian multinational Adani Enterprises has partnered with French carbon dioxide (CO2) electrolysis firm Dioxycle to develop and scale formic acid production at a pilot facility located at an Adani Group site in India.
Under a long-term partnership, the pair aims to develop and scale low-carbon chemical production in India, based on Dioxycle’s , which uses renewable electricity and captured CO2.
The initial focus will be on a pilot facility to produce formic acid – a widely used compound in textiles, agriculture, and manufacturing.
While neither a timeline nor a capacity for the plant has been revealed, Sarah Lamaison, CEO of Dioxycle, told gasworld the firm plans to develop standardised commercial plant units with production capacity of 10,000 to 30,000 tonnes of formic acid each year.
CO2 used for formic acid production will be captured directly from industrial sources, gasworld understands.
“Our model is to co-locate with emitting sites to abate their emissions, convert those into additional revenue streams from the [chemical] plant and reduce local pollution,” Lamaison added.
The partners will also explore other critical chemicals used in industries targeting emission reduction.
The announcement represents Adani Group’s expansion into low-carbon chemicals, while supporting India’s “Make in India” and Viksit Bharat 2047 national objectives.
According to the India Brand Equity Foundation (IBEF), India is the sixth largest producer of chemicals globally, contributing to 7% of India’s gross domestic product.
The IBEF values India’s chemical sector at around Rs 21,50,750 crore ($250bn) and projects it will grow to Rs 86,03,000 ($1 trillion) by 2040.
