en.Wedoany.com Reported - N.A.N. GreenMet (an advanced manufacturing platform founded by Navin Agarwal, who also serves as Vice Chairman of Vedanta) and Silox have announced the establishment of a joint venture, NAN Silox GreenMet Pvt. Ltd., with each party holding a 50% stake. The joint venture aims to create India's most advanced lithium-ion battery recycling and critical mineral recovery platform.
India heavily relies on imports for battery critical minerals—lithium, cobalt, nickel, and manganese—creating a core structural weakness in the electric vehicle and clean energy supply chain. NAN Silox GreenMet will convert end-of-life batteries from electric vehicles, electronic devices, and energy storage equipment into a domestic circular supply capability, achieving self-sufficiency and control. The company will develop and operate an industrial facility that processes end-of-life batteries through crushing, pretreatment, and hydrometallurgical refining to recover strategic materials such as lithium, cobalt, nickel, and manganese. The project will be built in two phases, with a final target total capacity of 40,000 tons per year for crushing and 20,000 tons per year for hydrometallurgical processing. In addition to recycling operations, the joint venture will explore downstream high-value-added opportunities, including cathode active materials and second-life applications for stationary energy storage systems. The facility will be located in Andhra Pradesh, where land and supportive measures have already been provided.
Silox has over four decades of experience in industrial-scale hydrometallurgical recycling of non-ferrous metals. Its Indian subsidiary, Silox Specialties India, has developed and validated proprietary processes for recovering battery-grade lithium, cobalt, and nickel at pilot scale. N.A.N. GreenMet provides industrialization capabilities, capital access, and close government relations to support large-scale deployment.
Navin Agarwal, Founder and Chairman of N.A.N. GreenMet, stated that every end-of-life battery is a domestic resource, yet lithium, cobalt, nickel, and manganese are currently lost from India's supply chain. This joint venture will leverage proven European hydrometallurgical technology to achieve the scale required for India's energy transition. Jean-Christophe Bogaert, Chairman of the Silox Group, stated that this joint venture fully aligns with Silox's strategy of achieving critical metal circularity through advanced recycling solutions, and N.A.N. GreenMet provides the implementation platform and scale, making it the leading platform for critical mineral recycling in India.
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