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

Genia Mckenney 2025-01-11 09:34:55 +03:00
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<br> made from food in [oil-rich](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) UAE<br>
<br>This video can not be played<br>
<br>To play this video you [require](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to make it possible for [JavaScript](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) in your [browser](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
<br>[Bio-diesel](https://www.bloomberg.com/profile/company/MNELF:US) made from food in [oil-rich](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) UAEClose<br>
<br>The [Middle East](https://pitchbook.com/profiles/company/51278-86) is a region where car is king and fuel is cheap, [frequently leaving](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) little reward to find more [environmentally-friendly](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) ways of moving 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://www.google.com/search?kgmid=/m/0cqd_rb) have risen the cost of oil, the issue of [discovering alternative](https://pitchbook.com/profiles/company/51278-86) [sources](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) of fuel has entered [sharp focus](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
<br>In a region that has among the highest [carbon footprints](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) on the planet, one [organization](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) is taking benefit of the growing pressure to [discover](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [options](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to oil. It's set up the [Middle East's](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) first scheme to [recycle cooking](https://www.google.com/search?kgmid=/m/0cqd_rb) oil into biodiesel. It's showing profitable too, already their [client-list consists](https://stocktwits.com/symbol/MNEL) of 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>