Indian Oil wants 50,000 acres for biofuel cultivation in India’s Uttar Pradesh
The Indian Oil Corporation (IOC), India’s largest oil marketing company, is seeking to acquire 50,000 hectares of wasteland in Uttar Pradesh for plantation of jatropha, karanja and other non-edible oilseeds used for biodiesel production. such as jatropha and karanjia, that are used for biodiesel production.
The company has already acquired 30,000 hectares in Chhattisgarh and another 2,000 hectares in Madhya Pradesh. “We have planted 1,000 hectares so far and aim to plant 10,000 hectares this year. Seeds from the plantations will start coming after three to four years,” a comppany representative told the Business Standard. IOC has also entered into an MoU with Indian Railways for plantation of jatropha on railway land.
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