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Bio-diesel made from food in [oil-rich](https://www.google.com/search?kgmid=/m/0cqd_rb) UAE
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To play this video you need to enable JavaScript in your [browser](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).
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[Bio-diesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) made from food in [oil-rich](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) UAEClose
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The [Middle East](https://pitchbook.com/profiles/company/51278-86) is an area where car is king and fuel is inexpensive, often leaving little [incentive](https://www.pinterest.com.au/missionnewenergy/) to find more [environmentally-friendly methods](https://www.zoominfo.com/c/mission-newenergy/346542889) of moving.
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But this year, as [protests](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) across the [Middle East](https://www.pinterest.com.au/missionnewenergy/) have actually [pressed](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) up the price of oil, the problem of [finding alternative](https://stocktwits.com/symbol/MNEL) [sources](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of fuel has actually entered into [sharp focus](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).
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In a region that has one of the greatest carbon footprints worldwide, one business is from the [growing pressure](https://pitchbook.com/profiles/company/51278-86) to find [alternatives](https://www.bloomberg.com/profile/company/MNELF:US) to oil. It's established the [Middle East's](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) first scheme to [recycle cooking](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) oil into [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608). It's proving rewarding too, already their client-list contains [McDonald's](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).
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[Philip Hampsheir](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [reports](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) 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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