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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://www.bloomberg.com/profile/company/MNELF:US) UAE
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This video can not be played
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To play this video you [require](https://stocktwits.com/symbol/MNEL) to make it possible for [JavaScript](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) in your browser.
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[Bio-diesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) made from food in [oil-rich](https://www.businessnews.com.au/Company/Mission-NewEnergy) UAEClose
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The [Middle East](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) is an area where cars and truck is king and fuel is low-cost, [typically leaving](https://www.zoominfo.com/c/mission-newenergy/346542889) little reward to find more [environmentally-friendly](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) ways of moving around.
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But this year, as [protests](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) across the [Middle East](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) have actually risen the cost of oil, the issue of [finding alternative](https://forest500.org/rankings/companies/mission-newenergy-limited) [sources](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of fuel has entered into sharp focus.
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In a region that has among the greatest [carbon footprints](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) worldwide, one company is taking benefit of the [growing pressure](https://www.google.com/search?kgmid=/m/0cqd_rb) to [discover alternatives](https://www.zoominfo.com/c/mission-newenergy/346542889) to oil. It's [established](https://www.crunchbase.com/organization/mission-newenergy) the [Middle East's](https://www.crunchbase.com/organization/mission-newenergy) very first scheme to recycle cooking oil into [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/). It's proving profitable too, already their of [McDonald's](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).
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[Philip Hampsheir](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) reports 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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