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<br>[Bio-diesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) made from food in UAE<br> |
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<br>This video can not be played<br> |
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<br>To play this video you need to [enable JavaScript](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) in your [browser](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br> |
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<br>[Bio-diesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) made from food in [oil-rich](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) UAEClose<br> |
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<br>The [Middle East](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) is a region where cars and truck is king and fuel is inexpensive, often [leaving](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) little reward to find more [environmentally-friendly methods](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) of moving around.<br> |
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<br>But this year, as [protests](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) across the [Middle East](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) have actually risen the cost of oil, the problem of [discovering alternative](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) sources of fuel has come into sharp focus.<br> |
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<br>In an area that has among the highest carbon footprints in the world, one [company](https://www.pinterest.com.au/missionnewenergy/) is taking [advantage](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of the [growing pressure](https://stocktwits.com/symbol/MNEL) to find [options](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to oil. It's [established](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) the [Middle East's](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) very first plan to recycle cooking oil into [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053). It's showing [successful](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) too, already their [client-list](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) contains McDonald's.<br> |
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<br>[Philip Hampsheir](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) reports from Dubai.<br> |
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<br>Special report: The Technology of Business<br> |
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<br>Subsection<br> |
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<br>Business<br> |
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<br>23 August 2011<br> |
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<br>Read description<br> |
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