India’s Adani Enterprises and French clean-technology firm Dioxycle said on Thursday they have formed a long-term partnership to develop and scale low-carbon chemical production in India, marking the Adani Group’s entry into the sector.
Here are some key details:
* The collaboration will initially focus on a pilot plant producing formic acid using renewable energy and captured carbon dioxide, with plans to expand to commercial-scale manufacturing.
* Adani Enterprises and Dioxycle will also explore the production of other emissions-reducing chemicals used across a range of industries, the companies said in a statement.
* Formic acid and its derivatives are widely used across industries including textiles, agriculture and manufacturing.
* The partnership aims to demonstrate how captured carbon emissions can be converted into valuable products using clean energy.