Branch² Intelligence
AdaniDioxycle Partnership To Advance Low-Carbon Chemical Manufacturing
Key takeaway
Adani Enterprises partners with French startup Dioxycle to produce formic acid from captured CO2 using renewable energy.
- Step 1Adani-Dioxycle partnership launches pilot for renewable-powered formic acid from captured CO2.
- Step 2Pilot success leads to commercial-scale production, reducing India's dependence on imported formic acid and lowering carbon footprint.
- Step 3Domestic formic acid supply increases, lowering prices for downstream industries (leather, textiles, agriculture) and improving their margins.
Source: IN:NDTV Profit
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