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[Bio-diesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) made from food in [oil-rich](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) UAE
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To play this video you need to make it possible for [JavaScript](https://www.businessnews.com.au/Company/Mission-NewEnergy) in your [internet browser](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).
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[Bio-diesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) made from food in [oil-rich](https://stocktwits.com/symbol/MNEL) UAEClose
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The Middle East is a region where [vehicle](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) is king and fuel is low-cost, [typically leaving](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) little reward to find more [environmentally-friendly](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) ways of walking around.
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But this year, as demonstrations across the [Middle East](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) have actually pushed up the cost of oil, the concern of discovering alternative [sources](https://www.crunchbase.com/organization/mission-newenergy) of fuel has entered into [sharp focus](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).
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In an area that has one of the greatest [carbon footprints](https://forest500.org/rankings/companies/mission-newenergy-limited) on the planet, one organization is benefiting from the growing pressure to discover [alternatives](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to oil. It's [established](https://forest500.org/rankings/companies/mission-newenergy-limited) the [Middle East's](https://www.bloomberg.com/profile/company/MNELF:US) first plan to [recycle cooking](https://www.google.com/search?kgmid=/m/0cqd_rb) oil into [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd). It's [proving lucrative](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) too, currently their client-list contains McDonald's.
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[Philip Hampsheir](https://www.bloomberg.com/profile/company/MNELF:US) from Dubai.
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Special report: The [Technology](https://www.zoominfo.com/c/mission-newenergy/346542889) 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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