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HPCL is engaged, inter-alia, in the business of refining of crude oil, manufacture, processing, and distribution and marketing of petroleum products and is interested in production of bio diesel from renewable resources like tree borne oil seeds, vegetable oil, etc. as an alternate fuel by promoting cultivation of energy-crops in arid, waste and degraded land in the State of Chhattisgarh and other states with a view to provide energy security to the nation and at the same time uplift the rural economy of these backward regions.
The Government of Chhattisgarh is undertaking large scale energy-crop plantations under various schemes. HPCL has plans to trade, export, sell and/or purchase of raw materials i.e, saplings or non-edible seeds, semi-finished products and intermediaries, allied products, related agriculture, equipment & machinery (including hiring of such machinery), sale or purchased or trading of products and/or other by products as a result of chemical processing of seeds including glycerol, oil-cake, bio-manure, bio-mass, etc., plantation/cultivation, extraction, processing, blending and marketing of bio-fuels in the entire value chain of energy crops. The parties believe that dovetailing the Government of Chhattisgarh/CREDA initiatives with that of HPCL would be mutually beneficial.
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