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

Louie Muscio 2025-01-12 00:41:43 +08:00
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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://stocktwits.com/symbol/MNEL) UAE<br>
<br>This video can not be played<br>
<br>To play this video you need to allow [JavaScript](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) in your [web browser](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
<br>[Bio-diesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 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://www.google.com/search?kgmid=/m/0cqd_rb) is a region where automobile is king and fuel is inexpensive, frequently leaving little incentive to [discover](https://forest500.org/rankings/companies/mission-newenergy-limited) more [environmentally-friendly](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) ways of moving.<br>
<br>But this year, as [protests](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) throughout the [Middle East](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) have actually risen the price of oil, the issue of [finding alternative](https://www.bloomberg.com/profile/company/MNELF:US) of fuel has come into sharp focus.<br>
<br>In a region that has among the highest carbon footprints worldwide, one [organization](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) is [benefiting](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) from the [growing pressure](https://www.bloomberg.com/profile/company/MNELF:US) to find [alternatives](https://www.zoominfo.com/c/mission-newenergy/346542889) to oil. It's set up the [Middle East's](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) first plan to [recycle cooking](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) oil into [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd). It's showing [rewarding](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) too, already their client-list consists of McDonald's.<br>
<br>Philip Hampsheir reports from Dubai.<br>
<br>Special report: The [Technology](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of Business<br>
<br>Subsection<br>
<br>Business<br>
<br>23 August 2011<br>
<br>Read description<br>