N.A.N. GreenMet and Silox Group Form 50:50 Joint Venture

Andhra Pradesh — N.A.N. GreenMet and Belgium-headquartered Silox Group have officially entered into a 50:50 joint venture to establish an advanced battery recycling and critical minerals recovery platform in Andhra Pradesh. Operating under the entity N.A.N. Silox GreenMet Pvt. Ltd., the landmark partnership will focus on processing end-of-life lithium-ion batteries across the electric vehicle (EV), consumer electronics, and energy storage sectors. The primary goal is to recover strategic materials, including lithium, cobalt, nickel, and manganese, to anchor them firmly within the domestic supply chain.

Phased Capacity Expansion and Technology Integration
The industrial project will be developed in a phased manner to create sustainable circular economy infrastructure. At peak operational capacity, the greenfield facility is engineered to reach:

Up to 40,000 tonnes per annum (TPA) of mechanical battery shredding.

Up to 20,000 tonnes per annum (TPA) of advanced hydrometallurgical processing.

By leveraging Silox Group’s proven hydrometallurgical technology—which has already been structurally validated in India—the venture intends to expand its downstream footprint. Future expansion plans include exploring the manufacturing of battery-grade metal salts, precursor cathode active materials (pCAM), cathode active materials (CAM), alongside specialized solutions for second-life battery applications.

Leadership Perspectives on the Circular Economy
Emphasizing the strategic urgency of retaining valuable materials domestically, Navin Agarwal, Founder & Chairman of N.A.N. GreenMet Pvt. Ltd., stated:

“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.”

Highlighting India’s pivotal role in the future of international green energy supply chains, J.C. Bogaert, Chairman of Silox Group, noted:

“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.”

The initiative stands as a major milestone for India’s clean tech architecture, reducing the country’s dependence on foreign mineral imports while substantially boosting the domestic critical minerals recovery capabilities necessary to feed the expanding EV ecosystem.