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

Arlette Spedding 2025-01-10 22:35:55 +01:00
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<br>[Bio-diesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) made from food in [oil-rich](https://pitchbook.com/profiles/company/51278-86) UAE<br>
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<br>To play this video you need to [enable JavaScript](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) in your browser.<br>
<br>[Bio-diesel](https://www.bloomberg.com/profile/company/MNELF:US) made from food in UAEClose<br>
<br>The Middle East is an area where [vehicle](https://www.pinterest.com.au/missionnewenergy/) is king and fuel is inexpensive, [frequently leaving](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) little [incentive](https://forest500.org/rankings/companies/mission-newenergy-limited) to find more [environmentally-friendly methods](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) of moving.<br>
<br>But this year, as [demonstrations](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) across the [Middle East](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) have actually pushed up the rate of oil, the issue of [finding alternative](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [sources](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) of fuel has actually come into [sharp focus](https://forest500.org/rankings/companies/mission-newenergy-limited).<br>
<br>In a region that has among the highest carbon footprints worldwide, one business is taking advantage of the growing pressure to [discover](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [alternatives](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.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) first plan to recycle cooking oil into [biodiesel](https://www.pinterest.com.au/missionnewenergy/). It's proving profitable too, already their [client-list consists](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) of [McDonald's](https://www.bloomberg.com/profile/company/MNELF:US).<br>
<br>Philip Hampsheir reports from Dubai.<br>
<br>[Special](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) report: The [Technology](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of Business<br>
<br>Subsection<br>
<br>Business<br>
<br>23 August 2011<br>
<br>Read description<br>