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<br>[Bio-diesel](https://www.bloomberg.com/profile/company/MNELF:US) made from food in [oil-rich](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 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](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 [enable JavaScript](https://forest500.org/rankings/companies/mission-newenergy-limited) in your [browser](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br> |
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<br> made from food in [oil-rich](https://pitchbook.com/profiles/company/51278-86) UAEClose<br> |
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<br>The [Middle East](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) is an area where car is king and fuel is low-cost, [typically leaving](https://www.google.com/search?kgmid=/m/0cqd_rb) little [incentive](https://www.bloomberg.com/profile/company/MNELF:US) 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) more [environmentally-friendly](https://www.google.com/search?kgmid=/m/0cqd_rb) ways of walking around.<br> |
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<br>But this year, as [protests](https://www.google.com/search?kgmid=/m/0cqd_rb) throughout the [Middle East](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) have pushed up the cost of oil, the problem of discovering alternative sources 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 greatest carbon footprints worldwide, one service is making the most of the growing pressure to find [options](https://www.bloomberg.com/profile/company/MNELF:US) to oil. It's set up the [Middle East's](https://stocktwits.com/symbol/MNEL) first scheme to recycle cooking oil into [biodiesel](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). It's [proving lucrative](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) too, currently their [client-list](https://www.pinterest.com.au/missionnewenergy/) contains McDonald's.<br> |
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<br>[Philip Hampsheir](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) reports from Dubai.<br> |
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<br>Special report: The [Technology](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) 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> |
