Hindustan Petroleum Corporation Limited a leading oil processing and marketing company and state government represented by Chhattisgarh Renewable Energy Development Agency has formed JV Company named CREDA
- HPCL Biofuel Limited.
Govt. of Chhattisgarh will lease 15000 hectares of vacant waste/barren land to CREDA who intern will enter into a separate license agreement with JVC on terms mutually agreed upon for a period of 30 years. The JVC i.e. CREDA HPCL Biofuel Ltd. will carry out plantation of Jatropha to produce Bio-diesel.