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[Bio-diesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) made from food in [oil-rich](https://www.pinterest.com.au/missionnewenergy/) UAE
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To play this video you need to allow [JavaScript](https://pitchbook.com/profiles/company/51278-86) in your [web browser](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).
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[Bio-diesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) 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) UAEClose
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The [Middle East](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) is an area where [automobile](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) is king and fuel is inexpensive, typically leaving little incentive to [discover](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) more of [walking](https://www.google.com/search?kgmid=/m/0cqd_rb) around.
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But this year, as demonstrations across the Middle East have pressed up the rate of oil, the concern of discovering alternative [sources](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) of fuel has actually entered into [sharp focus](https://www.google.com/search?kgmid=/m/0cqd_rb).
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In an area that has among the highest carbon footprints on the planet, one [service](https://www.crunchbase.com/organization/mission-newenergy) is taking benefit of the growing pressure to find [alternatives](https://www.google.com/search?kgmid=/m/0cqd_rb) to oil. It's set up the [Middle East's](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) first scheme to recycle cooking oil into [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile). It's proving profitable too, currently their [client-list](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) consists of [McDonald's](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).
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[Philip Hampsheir](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [reports](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) from Dubai.
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Special report: The [Technology](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) 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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