en.Wedoany.com Reported - N.A.N. GreenMet and Belgium-based Silox have announced a 50-50 joint venture, N.A.N. Silox GreenMet, to build a large-scale lithium-ion battery and critical mineral recycling platform in India, reducing reliance on imported raw materials for electric vehicles, battery energy storage systems, and renewable energy technologies.
The joint venture will develop an advanced industrial facility in Andhra Pradesh, leveraging existing land resources and state government incentives to accelerate project implementation. Executed in two phases, the facility is expected to process up to 40,000 tons of battery shred per year, with a hydrometallurgical processing capacity of 20,000 tons annually. Through advanced recycling technologies, the plant will recover battery-grade materials such as lithium, cobalt, nickel, and manganese—critical minerals essential for manufacturing next-generation batteries and energy storage solutions.
A key advantage of the partnership lies in complementary capabilities. Silox brings over four decades of experience in hydrometallurgical processing and critical metal recovery, having validated its recycling technology at pilot scale through its Indian subsidiary, Silox Specialties India. N.A.N. GreenMet contributes industrial execution capabilities, local market knowledge, and a policy-driven approach to sustainable resource management. Together, they aim to build a circular economy platform supporting India's long-term development in battery manufacturing, electric mobility, and renewable energy storage.
Beyond recycling critical minerals, the joint venture is exploring downstream opportunities in the battery value chain, including the production of cathode active materials and the development of second-life applications for batteries used in stationary energy storage systems. These value-added activities can enhance resource efficiency and create new opportunities within India's rapidly expanding battery ecosystem.
The project holds significant implications for EPC contractors, renewable energy developers, and energy storage providers. Domestically recycled lithium, cobalt, nickel, and manganese can help stabilize supply chains, reduce import dependence, and mitigate raw material price volatility. A reliable domestic source of critical minerals may lower battery manufacturing costs while improving the sustainability credentials of future energy infrastructure projects.
The joint venture will focus on scaling and deploying its hydrometallurgical technology at an industrial level. N.A.N. Silox GreenMet is established to combine global technical expertise with local industrial capabilities, establishing a reliable source of critical minerals, strengthening domestic manufacturing, and accelerating India's transition to a low-carbon economy (Source: mvapulse.com).
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