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Elizabet Suggs 2025-01-11 14:26:27 +00:00
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<br>Bio-diesel made from food in oil-rich UAE<br>
<br>This video can not be played<br>
<br>To play this video you [require](https://forest500.org/rankings/companies/mission-newenergy-limited) to [enable JavaScript](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) in your web browser.<br>
<br>Bio-diesel 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/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) is a region where [vehicle](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) is king and fuel is inexpensive, often leaving little reward to find more environmentally-friendly ways of moving around.<br>
<br>But this year, as [protests](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) across the Middle East have actually [pressed](https://pitchbook.com/profiles/company/51278-86) up the cost of oil, the [concern](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of discovering alternative [sources](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) of fuel has come into [sharp focus](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>In a region that has one of the highest carbon footprints worldwide, one [company](https://stocktwits.com/symbol/MNEL) is taking [advantage](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) of the [growing pressure](https://stocktwits.com/symbol/MNEL) to find to oil. It's [established](https://stocktwits.com/symbol/MNEL) the [Middle East's](https://stocktwits.com/symbol/MNEL) very first scheme to [recycle cooking](https://www.pinterest.com.au/missionnewenergy/) oil into [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053). It's showing rewarding too, currently their [client-list consists](https://www.zoominfo.com/c/mission-newenergy/346542889) of [McDonald's](https://pitchbook.com/profiles/company/51278-86).<br>
<br>Philip Hampsheir [reports](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) from Dubai.<br>
<br>[Special](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) report: The Technology of Business<br>
<br>Subsection<br>
<br>Business<br>
<br>23 August 2011<br>
<br>Read description<br>