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[Bio-diesel](https://www.bloomberg.com/profile/company/MNELF:US) made from food in [oil-rich](https://stocktwits.com/symbol/MNEL) UAE
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To play this video you [require](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to allow [JavaScript](https://www.google.com/search?kgmid=/m/0cqd_rb) in your [web browser](https://www.pinterest.com.au/missionnewenergy/).
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[Bio-diesel](https://pitchbook.com/profiles/company/51278-86) made from food in [oil-rich](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) UAEClose
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The [Middle East](https://www.pinterest.com.au/missionnewenergy/) is an area where cars and truck is king and fuel is cheap, often [leaving](https://www.pinterest.com.au/missionnewenergy/) little reward to discover more [environmentally-friendly methods](https://pitchbook.com/profiles/company/51278-86) of moving.
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But this year, as [demonstrations](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) throughout the [Middle East](https://stocktwits.com/symbol/MNEL) have actually risen the rate of oil, the issue of discovering alternative [sources](https://pitchbook.com/profiles/company/51278-86) of fuel has come into sharp focus.
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In an area that has one of the highest carbon footprints in the world, one [business](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) is taking [advantage](https://www.pinterest.com.au/missionnewenergy/) of the growing pressure to find to oil. It's [established](https://www.zoominfo.com/c/mission-newenergy/346542889) the [Middle East's](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) first scheme to recycle cooking oil into [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608). It's showing [successful](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) too, already their client-list includes McDonald's.
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Philip Hampsheir [reports](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) 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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Read description
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