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Bio-diesel made from food in [oil-rich](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) UAE
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[Bio-diesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) made from food in [oil-rich](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) UAEClose
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The Middle East is a region where is king and fuel is inexpensive, typically leaving little reward to find more environmentally-friendly ways of moving.
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But this year, as demonstrations across the [Middle East](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) have pushed up the price of oil, the concern of [finding alternative](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [sources](https://www.pinterest.com.au/missionnewenergy/) of fuel has actually entered into [sharp focus](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).
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In an area that has one of the highest carbon [footprints](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) worldwide, one [service](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) is making the most of the growing pressure to find [options](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to oil. It's [established](https://pitchbook.com/profiles/company/51278-86) the [Middle East's](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) first scheme to [recycle cooking](https://www.bloomberg.com/profile/company/MNELF:US) oil into [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608). It's showing [rewarding](https://pitchbook.com/profiles/company/51278-86) too, currently their [client-list](https://stocktwits.com/symbol/MNEL) contains [McDonald's](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).
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[Philip Hampsheir](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [reports](https://www.pinterest.com.au/missionnewenergy/) from Dubai.
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[Special](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) 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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