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Ted Sconce 2025-01-12 04:14:09 +00:00
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<br>[Bio-diesel](https://www.google.com/search?kgmid=/m/0cqd_rb) made from food in [oil-rich](https://www.bloomberg.com/profile/company/MNELF:US) UAE<br>
<br>This video can not be played<br>
<br>To play this video you [require](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to [enable JavaScript](https://www.google.com/search?kgmid=/m/0cqd_rb) in your [web browser](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
<br>[Bio-diesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) made from food in [oil-rich](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) UAEClose<br>
<br>The [Middle East](https://www.crunchbase.com/organization/mission-newenergy) is an area where [automobile](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) is king and fuel is cheap, often [leaving](https://pitchbook.com/profiles/company/51278-86) little incentive to find more environmentally-friendly ways of moving around.<br>
<br>But this year, as [demonstrations](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) across the have actually risen the cost of oil, the [concern](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of finding alternative [sources](https://www.businessnews.com.au/Company/Mission-NewEnergy) of fuel has entered into [sharp focus](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
<br>In an area that has one of the greatest carbon footprints worldwide, one business 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 to [discover](https://www.businessnews.com.au/Company/Mission-NewEnergy) [options](https://www.google.com/search?kgmid=/m/0cqd_rb) to oil. It's set up the [Middle East's](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) very first scheme to recycle cooking oil into [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy). It's showing profitable too, currently their [client-list consists](https://www.crunchbase.com/organization/mission-newenergy) of [McDonald's](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
<br>Philip Hampsheir reports from Dubai.<br>
<br>Special report: The Technology of Business<br>
<br>Subsection<br>
<br>Business<br>
<br>23 August 2011<br>
<br>Read description<br>