N.A.N. GreenMet and Belgium-based Silox announced the formation of a 50:50 joint venture, N.A.N. Silox GreenMet. The partnership aims to establish a large-scale lithium-ion battery recycling and critical minerals recovery platform in India, helping reduce dependence on imported raw materials that are essential for electric vehicles, battery energy storage systems (BESS), and renewable energy technologies. By developing a domestic circular economy for battery materials, the joint venture is expected to play a key role in strengthening India’s clean energy ecosystem.
Large-Scale Recycling Facility Planned in Andhra Pradesh
As part of the initiative, the joint venture will develop an advanced industrial facility in Andhra Pradesh, leveraging existing land resources and state government incentives to accelerate project implementation. The project will be executed in two phases and has set ambitious capacity targets. Upon completion, the facility is expected to process up to 40,000 tons per annum of battery shredding material and 20,000 tons per annum of hydrometallurgical processing capacity.
Using advanced recycling technologies, the plant will recover valuable battery-grade materials, including lithium, cobalt, nickel, and manganese. These critical minerals are indispensable for the manufacturing of next-generation batteries and energy storage solutions.
Combining Global Technology Expertise with Local Execution
A key strength of the partnership lies in the complementary capabilities of both companies. Silox brings more than four decades of expertise in hydrometallurgical processing and critical metals recovery. The company has already demonstrated the effectiveness of its recycling technology at pilot scale in India through Silox Specialties India. N.A.N. GreenMet contributes strong industrial execution capabilities, local market knowledge, and a policy-driven approach to sustainable resource management. Together, the partners aim to create a robust circular economy platform that supports India’s long-term ambitions in battery manufacturing, electric mobility, and renewable energy storage.
Expanding Beyond Recycling into Value-Added Materials
In addition to recovering critical minerals, the joint venture is exploring opportunities to move further downstream in the battery value chain. Potential future initiatives include the production of cathode active materials and the development of second-life battery applications for stationary energy storage systems. These value-added activities could enhance resource efficiency while creating new opportunities within India’s rapidly expanding battery ecosystem. By extending the lifecycle of battery materials, the partnership seeks to maximize resource utilization and support a more sustainable energy transition.
Supporting Battery Energy Storage and Renewable Energy Growth
The project carries significant implications for EPC contractors, renewable energy developers, and energy storage providers. As battery energy storage systems become increasingly important for grid stability and renewable energy integration, access to domestically sourced battery materials will be critical. The availability of recycled lithium, cobalt, nickel, and manganese could help stabilize supply chains, reduce import dependence, and mitigate raw material price volatility. Furthermore, a reliable domestic source of critical minerals may contribute to lower battery manufacturing costs while improving the sustainability credentials of future energy infrastructure projects.
Advancing India’s Circular Economy Vision
The joint venture will now focus on scaling and deploying its hydrometallurgical technology at an industrial level. As the Andhra Pradesh facility progresses toward commercial operations, industry stakeholders will closely monitor its contribution to India’s battery materials supply chain. As reported by mvapulse.com, the formation of N.A.N. Silox GreenMet marks a significant milestone in India’s emerging battery recycling sector. By combining global technology expertise with local industrial capabilities, the joint venture aims to establish a reliable source of critical minerals, strengthen domestic manufacturing, and accelerate the country’s transition to a low-carbon economy.
