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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.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) UAE
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To play this video you [require](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to allow [JavaScript](https://www.pinterest.com.au/missionnewenergy/) in your [internet browser](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).
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[Bio-diesel](https://www.pinterest.com.au/missionnewenergy/) made from food in [oil-rich](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) UAEClose
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The [Middle East](https://www.pinterest.com.au/missionnewenergy/) is a region where cars and truck is king and fuel is cheap, [frequently leaving](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) little [incentive](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to [discover](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) more environmentally-friendly ways of moving.
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But this year, as demonstrations across the Middle East have risen the price of oil, the concern of [finding alternative](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [sources](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of fuel has actually entered sharp focus.
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In an area that has among the greatest carbon [footprints](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) worldwide, one [business](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) is benefiting from the [growing pressure](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to [discover alternatives](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to oil. It's set up the [Middle East's](https://www.bloomberg.com/profile/company/MNELF:US) very first scheme to [recycle cooking](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) oil into [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy). It's showing rewarding too, currently their client-list includes .
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Philip Hampsheir [reports](https://www.zoominfo.com/c/mission-newenergy/346542889) 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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