Indian cabinet gives up on jatropha JVs once and for all

March 23, 2017 |

In India, the cabinet has approved the closure of the two joint ventures set up in 2008 and 2009 with HPCL and Indian Oil with the Chhattisgarh Renewable Energy Development Agency to develop and commercialize jatropha-based biodiesel. The agency had provided waste land to grow the jatropha on but the resulting crops had results that were not economically viable enough to continue, so in order to keep from continually losing more money, the JVs have been liquidated.

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