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Elana Sheehan 2025-01-11 15:33:27 -06:00
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<br>[Bio-diesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) made from food in [oil-rich](https://www.pinterest.com.au/missionnewenergy/) UAE<br>
<br>This video can not be played<br>
<br>To play this video you need to allow [JavaScript](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in your [web browser](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
<br>[Bio-diesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) made from food in [oil-rich](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) UAEClose<br>
<br>The [Middle East](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) is an area where [vehicle](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) is king and fuel is cheap, 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](https://stocktwits.com/symbol/MNEL) around.<br>
<br>But this year, as [demonstrations](https://www.bloomberg.com/profile/company/MNELF:US) across the [Middle East](https://stocktwits.com/symbol/MNEL) have actually risen the cost of oil, the issue of [finding alternative](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) sources of fuel has entered into sharp focus.<br>
<br>In an area that has one of the greatest carbon [footprints](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) on the planet, one [company](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) is [benefiting](https://www.bloomberg.com/profile/company/MNELF:US) from the [growing pressure](https://www.businessnews.com.au/Company/Mission-NewEnergy) to [discover options](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to oil. It's established the Middle East's first plan to recycle cooking oil into [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608). It's proving lucrative too, already their client-list includes [McDonald's](https://www.pinterest.com.au/missionnewenergy/).<br>
<br>Philip Hampsheir reports from Dubai.<br>
<br>Special report: The [Technology](https://stocktwits.com/symbol/MNEL) of Business<br>
<br>Subsection<br>
<br>Business<br>
<br>23 August 2011<br>
<br>Read description<br>