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Reece Fikes 2025-01-11 22:08:14 +08:00
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<br>[Bio-diesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 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) UAE<br>
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<br>[Bio-diesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) made from food in oil-rich 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://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) is king and fuel is low-cost, often [leaving](https://www.businessnews.com.au/Company/Mission-NewEnergy) little reward to discover more [environmentally-friendly methods](https://www.businessnews.com.au/Company/Mission-NewEnergy) of moving.<br>
<br>But this year, as demonstrations throughout the [Middle East](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) have [pressed](https://www.zoominfo.com/c/mission-newenergy/346542889) up the cost of oil, the problem of [discovering alternative](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) sources of fuel has entered into [sharp focus](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
<br>In an area that has among the highest carbon footprints on the planet, one company is [benefiting](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) from the [growing pressure](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to [discover alternatives](https://www.pinterest.com.au/missionnewenergy/) to oil. It's set up the [Middle East's](https://stocktwits.com/symbol/MNEL) very first plan to [recycle cooking](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) oil into [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd). It's showing lucrative too, already their [client-list](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) includes McDonald's.<br>
<br>Philip Hampsheir [reports](https://pitchbook.com/profiles/company/51278-86) from Dubai.<br>
<br>Special report: The [Technology](https://forest500.org/rankings/companies/mission-newenergy-limited) of Business<br>
<br>Subsection<br>
<br>Business<br>
<br>23 August 2011<br>
<br>Read description<br>