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

Roxanna Goodwin 2025-01-17 23:22:09 +00:00
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<br>[Bio-diesel](https://www.bloomberg.com/profile/company/MNELF:US) made from food in [oil-rich](https://www.crunchbase.com/organization/mission-newenergy) UAE<br>
<br>This video can not be played<br>
<br>To play this video you need to make it possible for [JavaScript](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) in your [browser](https://www.pinterest.com.au/missionnewenergy/).<br>
<br>[Bio-diesel](https://stocktwits.com/symbol/MNEL) made from food in [oil-rich](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) UAEClose<br>
<br>The [Middle East](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) is an area where car is king and fuel is low-cost, [frequently leaving](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) little incentive to find more environmentally-friendly ways of [walking](https://pitchbook.com/profiles/company/51278-86) around.<br>
<br>But this year, as protests across the [Middle East](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) have actually risen the rate of oil, the issue of finding alternative [sources](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of fuel has entered [sharp focus](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
<br>In an area that has among the greatest carbon footprints in the world, one [organization](https://www.bloomberg.com/profile/company/MNELF:US) is taking advantage of the to discover alternatives to oil. It's established the [Middle East's](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) very first scheme to [recycle cooking](https://pitchbook.com/profiles/company/51278-86) oil into [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053). It's proving profitable too, already their [client-list](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) consists of [McDonald's](https://www.investing.com/equities/mission-newenergy-ltd-company-profile).<br>
<br>Philip Hampsheir [reports](https://www.bloomberg.com/profile/company/MNELF:US) from Dubai.<br>
<br>[Special](https://pitchbook.com/profiles/company/51278-86) report: The [Technology](https://www.businessnews.com.au/Company/Mission-NewEnergy) of Business<br>
<br>Subsection<br>
<br>Business<br>
<br>23 August 2011<br>
<br>Read description<br>