Twenty-two taxa of Western Ghats plants were screened as potential alternative crops for renewable energy, oil, hydrocarbon and phytochemicals. The highest hydrocarbon yields were observed in Carissa carandas (1.7%), and Jatropha gossypifolia (1.7%). The highest polyphenol fraction was observed in Dodonaea viscosa (17.1%), Carissa carandas (7.7%), Swietenia mahagoni (6.6%), and Jatropha glandulifera (6.2%). The highest oil content was observed in Aganosma cymosa (10.3%), Carissa carandas (5.8%), and Argemone mexicana (5.0%). Swietenia mahagoni yielded the highest protein content with 8.1%. The gross heat value of 4175.0 cal/ g(17.5 MJ/ kg) for Lochnera rosea (pink flowered var.), and 4112.0 cal/ g for Dalbergia sissoo were the highest among the species analysed. NMR spectra of the hydrocarbon fractions of Alstonia scholaris, Carissa carandas, Ichnocarpus frutescens, Plumeria rubra, Thevetia neriifolia (white flowered var.), Vallaris solanacea, Lochnera rosea (pink flowered var.), Euphorbia hirta, E. splendens, Artocarpus integrifolia and Ficus religiosa revealed the presence of cis-polyisoprene (natural rubber), whereas Argemone mexicana showed the presence of trans-polyisoprene (gutta). Several new crop species were identified with potentially useful compounds. The potential exists for growing these alternate crops in areas of underutilized lands, subsequently stimulating industrial and economic growth.