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Add Bio-diesel made from Food in Oil-rich UAE

Dominique Moncrieff 2025-01-11 04:42:13 +01:00
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<br>[Bio-diesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) made from food in [oil-rich](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) UAE<br>
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<br>Bio-diesel made from food in [oil-rich](https://www.google.com/search?kgmid=/m/0cqd_rb) UAEClose<br>
<br>The [Middle East](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) is an area where [automobile](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) is king and fuel is low-cost, [typically leaving](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) little [incentive](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to find more [environmentally-friendly](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) ways of moving around.<br>
<br>But this year, as [protests](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) throughout the [Middle East](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) have risen the cost of oil, the problem of [finding alternative](https://forest500.org/rankings/companies/mission-newenergy-limited) [sources](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) of fuel has entered [sharp focus](https://www.bloomberg.com/profile/company/MNELF:US).<br>
<br>In a region that has one of the greatest [carbon footprints](https://www.zoominfo.com/c/mission-newenergy/346542889) worldwide, one organization is benefiting from the [growing pressure](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to [discover options](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to oil. It's set up the [Middle East's](https://www.pinterest.com.au/missionnewenergy/) first scheme to recycle cooking oil into [biodiesel](https://www.pinterest.com.au/missionnewenergy/). It's [proving successful](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) too, currently their [client-list](https://pitchbook.com/profiles/company/51278-86) contains McDonald's.<br>
<br>Philip Hampsheir reports from Dubai.<br>
<br>Special report: The of Business<br>
<br>Subsection<br>
<br>Business<br>
<br>23 August 2011<br>
<br>Read description<br>