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Kellye Holeman 2025-01-11 05:25:05 +01:00
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<br>[Bio-diesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) made from food in [oil-rich](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) UAE<br>
<br>This video can not be played<br>
<br>To play this video you [require](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to allow [JavaScript](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) in your .<br>
<br>[Bio-diesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) made from food in [oil-rich](https://www.crunchbase.com/organization/mission-newenergy) UAEClose<br>
<br>The [Middle East](https://www.crunchbase.com/organization/mission-newenergy) is an area where [vehicle](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) is king and fuel is inexpensive, [frequently leaving](https://www.crunchbase.com/organization/mission-newenergy) little reward to discover more [environmentally-friendly methods](https://www.google.com/search?kgmid=/m/0cqd_rb) of [walking](https://www.google.com/search?kgmid=/m/0cqd_rb) around.<br>
<br>But this year, as [protests](https://forest500.org/rankings/companies/mission-newenergy-limited) across the Middle East have actually pressed up the price of oil, the [concern](https://www.zoominfo.com/c/mission-newenergy/346542889) of finding alternative sources of fuel has actually entered sharp focus.<br>
<br>In a region that has among the greatest carbon footprints in the world, one [company](https://forest500.org/rankings/companies/mission-newenergy-limited) is making the most of the [growing pressure](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to [discover](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) options to oil. It's [established](https://www.google.com/search?kgmid=/m/0cqd_rb) the [Middle East's](https://www.businessnews.com.au/Company/Mission-NewEnergy) first scheme to [recycle cooking](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) oil into [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/). It's [proving profitable](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) too, already their client-list includes McDonald's.<br>
<br>Philip Hampsheir reports from Dubai.<br>
<br>Special report: The Technology of Business<br>
<br>Subsection<br>
<br>Business<br>
<br>23 August 2011<br>
<br>Read description<br>