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Updated - June 18, 2026 at 06:48 PM.

| Mumbai, June 18

The joint venture will enable the recovery of strategic materials such as lithium, cobalt, nickel and manganese | Photo Credit: Petmal

NAN GreenMet, the advanced manufacturing platform founded by Navin Agarwal, Vice-Chairman of Vedanta, has formed a joint venture with Silox, the Belgium-headquartered global leader in hydrometallurgical processing of non-ferrous metal residues in Andhra Pradesh.

The joint venture company NAN Silox GreenMet will establish India’s most advanced Li-ion battery recycling and critical minerals recovery platform.

The company will develop and operate a modern industrial facility to process spent battery through shredding, beneficiation and hydrometallurgical refining, enabling the recovery of strategic materials such as lithium, cobalt, nickel and manganese. The project is expected to be developed in two phases, ultimately targeting a total capacity of up to 40,000 tonnes per annum of shredding and 20,000 tpa of hydrometallurgical processing. Beyond recycling, the joint venture will also explore downstream value creation, including cathode active materials and second-life battery applications for stationary energy storage systems.

India imports most of its battery-grade critical minerals — lithium, cobalt, nickel, manganese — a structural vulnerability at the heart of its EV and clean energy supply chain. NAN Silox GreenMet transforms the growing end-of-life battery stream from EVs, electronics and energy storage into a domestic, circular and sovereign capability.

Silox brings over four decades of industrial-scale hydrometallurgical expertise in non-ferrous metals recovery — and crucially, its Indian entity Silox Specialties India, had developed and validated a proprietary process for battery-grade lithium, cobalt, and nickel recovery at pilot scale in India.

Navin Agarwal, Founder & Chairman, NAN GreenMet, said with every spent battery that leaves India’s supply chain is a permanent loss of domestic resource for lithium, cobalt, nickel and manganese.

Silox GreenMet intends to change it with proven Europen hydrometallurgical technology, he said.

JC Bogaert, Chairman, Silox Group said the joint venture fully aligns with Silox’s strategy to close the loop on critical metals through advanced recycling solutions.

NAN GreenMet gives the execution platform and scale to make the venture as India’s defining critical minerals recycling platform, he added.

Published on June 18, 2026

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