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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.investing.com/equities/mission-newenergy-ltd-company-profile) UAE
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To play this video you need to [enable JavaScript](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) in your [browser](https://pitchbook.com/profiles/company/51278-86).
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[Bio-diesel](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) made from food in [oil-rich](https://forest500.org/rankings/companies/mission-newenergy-limited) UAEClose
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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 cars and truck is king and fuel is inexpensive, [frequently leaving](https://www.google.com/search?kgmid=/m/0cqd_rb) little reward to find more [environmentally-friendly](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) ways of moving.
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But this year, as across the [Middle East](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) have pushed up the rate of oil, the issue of [discovering alternative](https://www.pinterest.com.au/missionnewenergy/) [sources](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) of fuel has actually come into [sharp focus](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).
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In an area that has one of the greatest [carbon footprints](https://pitchbook.com/profiles/company/51278-86) on the planet, one company is benefiting from the [growing pressure](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to find alternatives to oil. It's set up the Middle East's first scheme to [recycle cooking](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) oil into [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053). It's proving successful too, already their [client-list](https://www.pinterest.com.au/missionnewenergy/) [consists](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) of McDonald's.
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[Philip Hampsheir](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [reports](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) 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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