HPCL and Chhattisgarh Tie Up in Jatropha Venture

"HPCL has formed a JV company with government of Chhattisgarh and Chhattisgarh Renewable Energy Development Agency (CREDA) to undertake jatropha plantation in the state," a company release said.

Jatropha tree is a source of biofuel.

HPCL would hold 74 per cent equity in the JV while 26 per cent will be held by CREDA, which will be responsible for obtaining revenue wasteland for plantation of jatropha from the state government.

The company is to receive the entire crop of jatropha seeds from the 15,000 hectares of land and would produce biodiesel through suitable chemical processes and market it through retailers across the state.

TheBioenergySite News Desk

Sign up for our
regular news updates

Latest Bioenergy Industry News

•   Hawaiian Blessing for Bioenergy Plant
•   Mitsubishi to Increase Solar Cell Production
•   Camarines Sur Cultivates Jatropha
•   Palm Oil Prices Bottom Out
•   Incentive Program for Biomass Introduced
•   Hydrogen-Producing Bacteria Provide Clean Energy
•   Covanta Holding to Purchase Two Biomass Energy Facilities in Maine
•   Air New Zealand in Bio Fuel Trial
•   Weekly Roberts Report
•   SunEthanol Collaborates With MBI