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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.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 require to enable JavaScript in your [internet browser](https://stocktwits.com/symbol/MNEL).<br> |
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<br>[Bio-diesel](https://www.crunchbase.com/organization/mission-newenergy) made from food in [oil-rich](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) UAEClose<br> |
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<br>The [Middle East](https://www.pinterest.com.au/missionnewenergy/) is a region where [automobile](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) is king and fuel is low-cost, typically leaving little [incentive](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to discover more environmentally-friendly methods of moving.<br> |
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<br>But this year, as [demonstrations](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) across the Middle East have actually risen the price of oil, the problem of [discovering alternative](https://www.businessnews.com.au/Company/Mission-NewEnergy) [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.businessnews.com.au/Company/Mission-NewEnergy).<br> |
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<br>In an area that has among the highest carbon footprints in the world, one service is benefiting from the [growing pressure](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to [discover](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) to oil. It's set up the [Middle East's](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) very first plan to [recycle cooking](https://www.pinterest.com.au/missionnewenergy/) oil into [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048). It's showing profitable too, already their [client-list](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) includes [McDonald's](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br> |
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<br>[Philip Hampsheir](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [reports](https://www.zoominfo.com/c/mission-newenergy/346542889) 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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