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Hope Googe 2025-01-13 07:35:07 +08:00
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<br>[Bio-diesel](https://stocktwits.com/symbol/MNEL) made from food in [oil-rich](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) UAE<br>
<br>This video can not be played<br>
<br>To play this video you need to [enable JavaScript](https://www.zoominfo.com/c/mission-newenergy/346542889) in your [web browser](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).<br>
<br>[Bio-diesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) 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.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) is a region where cars and truck is king and fuel is inexpensive, little [incentive](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to find more environmentally-friendly methods of moving.<br>
<br>But this year, as [demonstrations](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) throughout the Middle East have risen the price of oil, the [concern](https://pitchbook.com/profiles/company/51278-86) of [finding alternative](https://www.zoominfo.com/c/mission-newenergy/346542889) [sources](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of fuel has entered sharp focus.<br>
<br>In an area that has one of the highest carbon footprints in the world, one business is taking [advantage](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of the growing pressure to find [alternatives](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to oil. It's set up the [Middle East's](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) first scheme to recycle cooking oil into [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608). It's showing [successful](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) too, currently their [client-list consists](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of [McDonald's](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
<br>Philip Hampsheir [reports](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) from Dubai.<br>
<br>Special report: The [Technology](https://www.bloomberg.com/profile/company/MNELF:US) of Business<br>
<br>Subsection<br>
<br>Business<br>
<br>23 August 2011<br>
<br>Read description<br>