N.A.N GreenMet, the manufacturing platform founded by Navin Agarwal, Vice Chairman of Vedanta, has entered into a 50:50 joint venture with Belgium-based Silox to establish a lithium-ion battery recycling and critical minerals recovery business in India. The new entity, NAN Silox GreenMet Pvt. Ltd., will develop a large-scale recycling facility in Andhra Pradesh to recover valuable battery materials and strengthen India’s circular battery ecosystem.
The project is expected to support the country’s growing EV battery supply chain by producing battery-grade materials for cell manufacturers.
Joint Venture To Build Battery Recycling Capacity
The newly formed company will establish an integrated lithium-ion battery recycling and materials recovery platform.
Key highlights include:
- 50:50 joint venture between N.A.N GreenMet and Silox
- Formation of NAN Silox GreenMet Pvt. Ltd.
- Industrial facility to be developed in Andhra Pradesh
- Focus on lithium-ion battery recycling and critical mineral recovery
- Production of battery materials for India’s EV ecosystem
The project represents a significant investment in India’s battery circular economy.
Two-Phase Development Plan
The recycling facility will be developed in phases to build large-scale processing capacity.
Planned capacities include:
- Up to 40,000 MTPA battery shredding capacity
- Up to 20,000 tonnes per annum hydrometallurgical processing capacity
The recovered materials will be refined into high-value battery inputs for domestic manufacturing.
Supplying Battery-Grade Critical Materials
The joint venture aims to produce essential materials required for advanced lithium-ion battery manufacturing.
Final products include:
- Battery-grade Lithium, Cobalt, Nickel and Manganese salts
- Precursor Cathode Active Material (pCAM)
- Cathode Active Material (CAM)
These materials are expected to support India’s expanding battery cell manufacturing ecosystem while reducing dependence on imported critical minerals.
Why This Matters
As EV adoption accelerates, battery recycling is becoming a strategic priority for securing critical raw materials. The N.A.N GreenMet–Silox partnership strengthens India’s domestic battery value chain by creating large-scale recycling infrastructure capable of recovering valuable minerals for reuse. The project also supports the country’s ambitions to build a self-reliant and sustainable EV battery ecosystem.