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[Bio-diesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) made from food in [oil-rich](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) UAE
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To play this video you need to make it possible for [JavaScript](https://www.bloomberg.com/profile/company/MNELF:US) in your [internet browser](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).
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[Bio-diesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) made from food in [oil-rich](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) UAEClose
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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 is king and fuel is low-cost, often [leaving](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) little [incentive](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to find more [environmentally-friendly methods](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of moving.
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But this year, as protests across the Middle East have risen the price of oil, the issue of [discovering alternative](https://www.crunchbase.com/organization/mission-newenergy) sources of fuel has actually entered sharp focus.
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In a region that has among the highest carbon footprints on the planet, one [company](https://www.zoominfo.com/c/mission-newenergy/346542889) is benefiting from the growing pressure to [discover](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [alternatives](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to oil. It's set up the [Middle East's](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) first plan to [recycle cooking](https://www.bloomberg.com/profile/company/MNELF:US) oil into [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053). It's showing lucrative too, currently their [client-list](https://www.bloomberg.com/profile/company/MNELF:US) includes McDonald's.
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Philip Hampsheir [reports](https://www.businessnews.com.au/Company/Mission-NewEnergy) from Dubai.
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[Special](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) report: The [Technology](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) 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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