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In a significant step towards strengthening India's energy security and electric vehicle (EV) ecosystem, N.A.N. GreenMet and Belgium-based hydrometallurgical processing company Silox Group have announced the formation of N.A.N. Silox GreenMet Pvt. Ltd., a 50:50 joint venture aimed at developing an advanced lithium-ion battery recycling and critical minerals recovery platform in India.
The new venture seeks to reduce India's dependence on imported battery-grade critical minerals by recovering valuable materials such as lithium, cobalt, nickel, and manganese from end-of-life EV batteries, electronic waste, and energy storage systems. As part of the initiative, a state-of-the-art industrial facility will be established in Andhra Pradesh, where spent batteries will undergo shredding, beneficiation, and hydrometallurgical refining to recover strategic metals for reuse in the battery supply chain.
The project will be developed in two phases, with the facility ultimately targeting an annual capacity of 40,000 tonnes of battery shredding and 20,000 tonnes of hydrometallurgical processing. Beyond recycling, the company plans to explore downstream opportunities, including the production of Pre-Cathode Active Materials (pCAM), Cathode Active Materials (CAM), and second-life battery applications for stationary energy storage systems.
Silox Group brings more than four decades of expertise in non-ferrous metals recovery. Its Indian subsidiary has already developed and successfully validated a proprietary process for recovering battery-grade lithium, cobalt, and nickel at pilot scale in India, providing a strong technological foundation for the venture.
Commenting on the announcement, Navin Agarwal, Founder and Chairman of N.A.N. GreenMet, said that every spent battery represents a valuable domestic resource that has historically been lost from India's supply chain. He added that the partnership would help build the circular economy infrastructure needed to support India's clean energy transition.
J.C. Bogaert, Chairman of Silox Group, stated that India is poised to play a pivotal role in the global battery ecosystem and that the joint venture is well-positioned to become a defining platform for critical minerals recycling in the country.
The project is also expected to be a beneficiary of the Government of India's ₹1,500-crore Critical Minerals Recycling Scheme, supporting the development of a secure, sustainable, and localized supply of essential raw materials for the EV, battery manufacturing, and energy storage industries.
