N.A.N GreenMet and Silox Form Joint Venture for Battery Recycling and Critical Minerals Recovery
N.A.N GreenMet, founded by Navin Agarwal, and Silox have formed a 50:50 joint venture called NAN Silox GreenMet Pvt. Ltd. The joint venture will establish a lithium-ion battery recycling and critical minerals recovery facility in Andhra Pradesh to process end-of-life batteries from electric vehicles, electronics, and energy storage systems. The facility will recover lithium, cobalt, nickel, and manganese.
The project will be developed in two phases with a target capacity of up to 40,000 tonnes per year of battery shredding and 20,000 tonnes per year of hydrometallurgical processing. In addition to recycling, the joint venture will explore the production of cathode active materials and second-life battery applications for stationary energy storage systems.
Navin Agarwal, Founder & Chairman, N.A.N. GreenMet, commented, “Every spent battery is a domestic resource — lithium, cobalt, nickel, manganese — that today leaves India’s supply chain forever. NAN 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.”
Jean-Christophe 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.”
Read more at: Building upstream lithium-ion cell value chain in India
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