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<br>Bio-diesel made from food in [oil-rich](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) 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 allow [JavaScript](https://www.bloomberg.com/profile/company/MNELF:US) in your [browser](https://www.bloomberg.com/profile/company/MNELF:US).<br> |
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<br>[Bio-diesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) 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) UAEClose<br> |
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<br>The Middle East is a region where vehicle is king and fuel is inexpensive, frequently leaving little [incentive](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to more environmentally-friendly methods of walking around.<br> |
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<br>But this year, as protests across the [Middle East](https://www.zoominfo.com/c/mission-newenergy/346542889) have risen the cost of oil, the problem of [discovering alternative](https://stocktwits.com/symbol/MNEL) [sources](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) of fuel has entered into [sharp focus](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br> |
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<br>In an area that has among the highest carbon [footprints](https://www.zoominfo.com/c/mission-newenergy/346542889) in the world, one [company](https://stocktwits.com/symbol/MNEL) is making the most of the [growing pressure](https://www.pinterest.com.au/missionnewenergy/) to [discover](https://stocktwits.com/symbol/MNEL) alternatives 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.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) oil into [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price). It's showing successful too, already their [client-list](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) contains McDonald's.<br> |
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<br>[Philip Hampsheir](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) reports from Dubai.<br> |
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<br>[Special](https://www.bloomberg.com/profile/company/MNELF:US) report: The [Technology](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) 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> |
