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Bio-diesel made from food in oil-rich UAE
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To play this video you need to [enable JavaScript](https://forest500.org/rankings/companies/mission-newenergy-limited) in your [browser](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).
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[Bio-diesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) made from food in [oil-rich](https://www.google.com/search?kgmid=/m/0cqd_rb) UAEClose
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The [Middle East](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) is a region where cars and truck is king and fuel is cheap, often [leaving](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) little reward to more [environmentally-friendly](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) ways of moving around.
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But this year, as [protests](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) across the [Middle East](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) have pushed up the rate of oil, the issue of finding alternative [sources](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of fuel has entered into [sharp focus](https://www.zoominfo.com/c/mission-newenergy/346542889).
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In an area that has among the greatest carbon footprints on the planet, one service is [benefiting](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) from the [growing pressure](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to find [alternatives](https://www.bloomberg.com/profile/company/MNELF:US) to oil. It's set up the [Middle East's](https://forest500.org/rankings/companies/mission-newenergy-limited) very first plan to [recycle cooking](https://forest500.org/rankings/companies/mission-newenergy-limited) oil into [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy). It's [proving profitable](https://www.bloomberg.com/profile/company/MNELF:US) too, currently their [client-list](https://www.bloomberg.com/profile/company/MNELF:US) includes McDonald's.
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[Philip Hampsheir](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) reports from Dubai.
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Special report: The [Technology](https://www.bloomberg.com/profile/company/MNELF:US) 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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