N.A.N. GreenMet and Silox Form Joint Venture for Battery Recycling Facility in Andhra Pradesh
N.A.N. GreenMet, founded by Vedanta vice-chairman Navin Agarwal, and Belgium-based Silox have formed a 50:50 joint venture, N.A.N. Silox GreenMet Pvt. Ltd., to establish an advanced lithium-ion battery recycling and critical minerals recovery facility in Andhra Pradesh. The project, planned in two phases, aims to process up to 40,000 tonnes of spent batteries annually through shredding and hydrometallurgical refining, recovering materials like lithium, cobalt, nickel, and manganese. The venture will also explore downstream applications such as cathode materials and second-life batteries, addressing India's reliance on imported battery-grade minerals.