N.A.N. GreenMet and Silox Group Form Battery Recycling Project

Vijayawada, June 2026 :

N.A.N. GreenMet, founded by Navin Agarwal, and Belgium-headquartered Silox Group have formed a 50:50 joint venture, N.A.N. Silox GreenMet Pvt. Ltd., to establish an advanced battery recycling and critical minerals recovery platform in Andhra Pradesh. The facility will process end-of-life lithium-ion batteries from the EV, electronics and energy storage sectors to recover strategic materials such as lithium, cobalt, nickel and manganese. The project will be developed in phases and is expected to reach a capacity of up to 40,000 tonnes per annum of battery shredding and 20,000 tonnes per annum of hydrometallurgical processing. Leveraging Silox's proven hydrometallurgical technology, validated in India, the venture will also explore the production of battery-grade metal salts, precursor cathode active materials (pCAM), cathode active materials (CAM), and second-life battery applications. The initiative is expected to support India's growing EV and energy storage ecosystem while strengthening domestic critical minerals recovery capabilities.

“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.”  Navin Agarwal, Founder & Chairman ,N.A.N. GreenMet Pvt. Ltd. “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.”