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[Bio-diesel](https://pitchbook.com/profiles/company/51278-86) made from food in [oil-rich](https://www.crunchbase.com/organization/mission-newenergy) UAE
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To play this video you need to make it possible for [JavaScript](https://www.bloomberg.com/profile/company/MNELF:US) in your [web browser](https://www.zoominfo.com/c/mission-newenergy/346542889).
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[Bio-diesel](https://www.bloomberg.com/profile/company/MNELF:US) made from food in [oil-rich](https://stocktwits.com/symbol/MNEL) UAEClose
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The [Middle East](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) is an area where cars and truck is king and fuel is cheap, often [leaving](https://www.pinterest.com.au/missionnewenergy/) little reward to find more [environmentally-friendly](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) ways of moving around.
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But this year, as [demonstrations](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) across the Middle East have actually [pressed](https://forest500.org/rankings/companies/mission-newenergy-limited) up the price of oil, the concern of discovering alternative sources of fuel has entered into [sharp focus](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).
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In a region that has among the greatest [carbon footprints](https://www.bloomberg.com/profile/company/MNELF:US) in the world, one [company](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) is [benefiting](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) from the [growing pressure](https://www.businessnews.com.au/Company/Mission-NewEnergy) to find [alternatives](https://www.bloomberg.com/profile/company/MNELF:US) to oil. It's set up the [Middle East's](https://pitchbook.com/profiles/company/51278-86) first plan to [recycle cooking](https://www.pinterest.com.au/missionnewenergy/) oil into . It's showing lucrative too, currently their client-list consists of [McDonald's](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).
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Philip Hampsheir [reports](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) from Dubai.
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Special report: The Technology of Business
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Subsection
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Business
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23 August 2011
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Read description
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