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

Gordon Gain 2025-01-12 01:09:21 +01:00
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<br>[Bio-diesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) made from food in [oil-rich](https://www.zoominfo.com/c/mission-newenergy/346542889) UAE<br>
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<br>[Bio-diesel](https://www.google.com/search?kgmid=/m/0cqd_rb) made from food in [oil-rich](https://www.crunchbase.com/organization/mission-newenergy) UAEClose<br>
<br>The [Middle East](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) is an area where car is king and fuel is cheap, [typically leaving](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) little reward to find more [environmentally-friendly methods](https://www.bloomberg.com/profile/company/MNELF:US) of [walking](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) around.<br>
<br>But this year, as [demonstrations](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) throughout the [Middle East](https://stocktwits.com/symbol/MNEL) have pushed up the rate of oil, the problem of finding alternative [sources](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of fuel has actually entered sharp focus.<br>
<br>In a region that has among the greatest [carbon footprints](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) on the planet, one [business](https://pitchbook.com/profiles/company/51278-86) is benefiting from the [growing pressure](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to [discover](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [options](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to oil. It's set up the very first scheme to [recycle cooking](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) oil into [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889). It's showing [rewarding](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) too, already their [client-list consists](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) of McDonald's.<br>
<br>Philip Hampsheir reports from Dubai.<br>
<br>Special 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>