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<br>Bio-diesel made from food in [oil-rich](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) UAE<br> |
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<br>This video can not be played<br> |
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<br>To play this video you need to allow JavaScript in your [browser](https://www.bloomberg.com/profile/company/MNELF:US).<br> |
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<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 UAEClose<br> |
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<br>The Middle East is an area where [vehicle](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) is king and fuel is cheap, often [leaving](https://stocktwits.com/symbol/MNEL) little incentive 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 [walking](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) around.<br> |
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<br>But this year, as [demonstrations](https://www.bloomberg.com/profile/company/MNELF:US) across the [Middle East](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) have risen the cost of oil, the problem of finding alternative [sources](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of fuel has actually entered into [sharp focus](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br> |
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<br>In an area that has one of the greatest [carbon footprints](https://www.zoominfo.com/c/mission-newenergy/346542889) on the planet, one [company](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) is making the most of the [growing pressure](https://pitchbook.com/profiles/company/51278-86) to find to oil. It's set up the [Middle East's](https://forest500.org/rankings/companies/mission-newenergy-limited) first plan to recycle cooking oil into [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy). It's [proving successful](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) too, currently their client-list consists of [McDonald's](https://www.zoominfo.com/c/mission-newenergy/346542889).<br> |
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<br>[Philip Hampsheir](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) reports from Dubai.<br> |
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<br>[Special](https://www.crunchbase.com/organization/mission-newenergy) report: The [Technology](https://forest500.org/rankings/companies/mission-newenergy-limited) of Business<br> |
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<br>Subsection<br> |
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<br>Business<br> |
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<br>23 August 2011<br> |
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<br>Read description<br> |
