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

Isabella Corey 2025-01-10 22:14:34 +01:00
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<br> made from food in [oil-rich](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) 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 [enable JavaScript](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) in your [browser](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
<br>[Bio-diesel](https://forest500.org/rankings/companies/mission-newenergy-limited) made from food in [oil-rich](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) UAEClose<br>
<br>The Middle East is a region where [automobile](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) is king and fuel is cheap, [typically leaving](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) little reward to [discover](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) more [environmentally-friendly methods](https://pitchbook.com/profiles/company/51278-86) of moving around.<br>
<br>But this year, as demonstrations throughout the [Middle East](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) have actually risen the price of oil, the issue of [finding alternative](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [sources](https://stocktwits.com/symbol/MNEL) of fuel has actually entered [sharp focus](https://www.investing.com/equities/mission-newenergy-ltd-company-profile).<br>
<br>In a region that has among the highest carbon footprints worldwide, one organization is taking [benefit](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of the growing pressure to discover [alternatives](https://pitchbook.com/profiles/company/51278-86) to oil. It's [established](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) the [Middle East's](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) very first scheme to recycle cooking oil into [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048). It's proving profitable too, currently their client-list consists of [McDonald's](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
<br>[Philip Hampsheir](https://pitchbook.com/profiles/company/51278-86) 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>