N.A.N. GreenMet and Silox Form Joint Venture to Build India’s Largest Critical Minerals Recycling Platform

N.A.N. GreenMet, the advanced manufacturing platform founded by Navin Agarwal,  Vice Chairman of Vedanta, and Silox, the Belgium-headquartered global leader in hydrometallurgical processing of  non-ferrous metal residues has announced the formation of N.A.N. Silox GreenMet, a 50:50 joint venture  to establish India’s most advanced Li-ion battery recycling and critical minerals recovery platform. 

India imports most of its battery-grade critical minerals — lithium, cobalt, nickel, manganese- a structural vulnerability  at the heart of its EV and clean energy supply chain. N.A.N. Silox GreenMet transforms the growing end-of-life battery  stream from EVs, electronics and energy storage into a domestic, circular, sovereign capability. The Company will  develop and operate a state-of-the-art industrial facility to process spent batteries through shredding, beneficiation and hydrometallurgical refining, enabling the recovery of strategic materials such as lithium, cobalt, nickel and manganese.  The project is expected to be developed in two phases, ultimately targeting a total capacity of up to 40,000 tonnes per annum of shredding and 20,000 tonnes per annum of hydrometallurgical processing. Beyond recycling, the joint venture also will explore downstream value creation, including cathode active materials as well as second-life battery applications for stationary energy storage systems. The facility will be located in Andhra Pradesh, with land and incentives in place. 

Silox brings over four decades of industrial-scale hydrometallurgical expertise in non-ferrous metals recovery and  crucially, its Indian entity Silox Specialties India had developed and validated a proprietary process for battery-grade lithium, cobalt and nickel recovery at pilot scale in India. This is not first-generation technology, it is a proven process being deployed at a new order of magnitude, combined with N.A.N. GreenMet’s industrial execution, capital access, and deep policy relationships. 

Navin Agarwal, Founder and Chairman, N.A.N. GreenMet, said, “Every spent battery is a domestic resource — lithium, cobalt, nickel, manganese — that today leaves India’s  supply chain forever. N.A.N. Silox GreenMet changes that: Europe’s most proven hydrometallurgical technology  at the scale India’s clean energy transition demands. This is circular economy infrastructure for Viksit Bharat.” . 

J.C. Bogaert, Chairman, Silox Group, said, “This joint venture fully aligns with Silox’s strategy to close the loop on critical metals through advanced recycling  solutions. We are convinced that India will play a key role in the global battery ecosystem, and we are proud to  contribute to its development. N.A.N. GreenMet gives us the execution platform and scale to make this India’s  defining critical minerals recycling platform.”