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Bailey Hargrove 2025-01-11 15:44:58 +00:00
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<br>[Bio-diesel](https://www.crunchbase.com/organization/mission-newenergy) made from food in [oil-rich](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) UAE<br>
<br>This video can not be played<br>
<br>To play this video you [require](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to make it possible for [JavaScript](https://www.zoominfo.com/c/mission-newenergy/346542889) in your [browser](https://forest500.org/rankings/companies/mission-newenergy-limited).<br>
<br>[Bio-diesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) made from food in [oil-rich](https://www.bloomberg.com/profile/company/MNELF:US) UAEClose<br>
<br>The [Middle East](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) is a region where [vehicle](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) is king and fuel is low-cost, [typically leaving](https://pitchbook.com/profiles/company/51278-86) little reward to find more [environmentally-friendly methods](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of moving around.<br>
<br>But this year, as [protests](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) across the [Middle East](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) have pushed up the price of oil, the issue of [discovering alternative](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) of fuel has entered into [sharp focus](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
<br>In a region that has among the highest [carbon footprints](https://www.zoominfo.com/c/mission-newenergy/346542889) in the world, one [service](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) is benefiting from the growing pressure to find alternatives to oil. It's established the [Middle East's](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) very first scheme to recycle cooking oil into [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd). It's [proving profitable](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) too, currently their client-list includes McDonald's.<br>
<br>Philip Hampsheir [reports](https://www.bloomberg.com/profile/company/MNELF:US) 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>