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[Bio-diesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) made from food in [oil-rich](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) UAE
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To play this video you need to [enable JavaScript](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) in your [internet](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [browser](https://www.investing.com/equities/mission-newenergy-ltd-company-profile).
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made from food in [oil-rich](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) UAEClose
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The Middle East is an area where [automobile](https://pitchbook.com/profiles/company/51278-86) is king and fuel is cheap, frequently leaving little [incentive](https://www.zoominfo.com/c/mission-newenergy/346542889) to [discover](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) more [environmentally-friendly](https://www.businessnews.com.au/Company/Mission-NewEnergy) ways of moving.
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But this year, as [demonstrations](https://www.crunchbase.com/organization/mission-newenergy) throughout the [Middle East](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) have actually pushed up the price of oil, the issue of finding alternative [sources](https://forest500.org/rankings/companies/mission-newenergy-limited) of fuel has actually come into sharp focus.
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In an area that has among the greatest carbon footprints in the world, one business is taking advantage of the growing pressure to find [options](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to oil. It's set up the [Middle East's](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) very first scheme to [recycle cooking](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) oil into [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm). It's showing rewarding too, already their client-list consists of McDonald's.
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[Philip Hampsheir](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) [reports](https://stocktwits.com/symbol/MNEL) from Dubai.
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[Special](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) report: The [Technology](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) 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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