N.A.N. GreenMet, the advanced manufacturing platform founded by Navin Agarwal, Vice Chairman of Vedanta, and Silox, a Belgium-based specialist in hydrometallurgical processing of non-ferrous metal residues, have announced the formation of N.A.N. Silox GreenMet Pvt. Ltd., a 50:50 joint venture aimed at developing a large-scale lithium-ion battery recycling and critical minerals recovery platform in India.
The joint venture will focus on recovering battery-grade critical minerals, including lithium, cobalt, nickel, and manganese, from end-of-life batteries generated by electric vehicles (EVs), consumer electronics, and energy storage systems. The initiative is designed to strengthen India’s domestic critical minerals supply chain and reduce dependence on imported battery materials.
The company plans to establish a state-of-the-art facility in Andhra Pradesh, where land allocation and government incentives have already been secured. The project will be developed in two phases, ultimately targeting a processing capacity of up to 40,000 tonnes per annum (TPA) of spent battery shredding and 20,000 TPA of hydrometallurgical refining.
The facility will utilize advanced shredding, beneficiation, and hydrometallurgical technologies to recover strategic metals for reuse in battery manufacturing and clean energy applications. In addition to recycling operations, the joint venture will explore downstream opportunities, including precursor cathode active materials (pCAM), cathode active materials (CAM), and second-life battery applications for stationary energy storage systems.
Silox brings more than four decades of expertise in industrial-scale hydrometallurgical processing and metals recovery. Its Indian subsidiary, Silox Specialities India, has developed and pilot-validated a proprietary process for recovering battery-grade lithium, cobalt, and nickel in India. The technology is expected to form the foundation of the commercial-scale recycling platform.
Commenting on the development, Navin Agarwal, Founder and Chairman of N.A.N. GreenMet, said the project would help transform end-of-life batteries into a strategic domestic resource, supporting India’s clean energy ambitions and circular economy goals.
J.C. Bogaert, Chairman of Silox Group, said the partnership aligns with the company’s strategy of advancing critical metals recycling and supports India’s growing role in the global battery value chain.
The initiative comes as India accelerates the adoption of electric mobility and energy storage technologies, creating increasing demand for secure and sustainable supplies of critical raw materials. The project is also expected to support the Government of India’s ₹1,500 crore Critical Minerals Recycling Scheme, which aims to strengthen domestic recycling infrastructure and promote resource security.
Once operational, N.A.N. Silox GreenMet is expected to play a significant role in establishing a circular battery economy in India by recovering valuable minerals and supplying battery-grade materials to EV cell manufacturers, battery energy storage system (BESS) providers, and grid-scale energy storage projects.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
