McDonald’s UAE in Venture to Make Biodiesel From Cooking Oil
by Vivian Salama (Bloomberg) McDonald’s UAE and privately held Neutral Fuels LLC formed a venture to produce biodiesel using recycled vegetable oil from the fast-food retailer’s outlets in the United Arab Emirates, the companies said.
The venture involves the Gulf nation’s first plant licensed to make biodiesel, the partners said today at a news conference in Dubai. The facility will have an annual output capacity of 1 million liters (264,000 gallons), said Karl Feilder, chairman of Neutral Group, the Dubai-based parent of Neutral Fuels.
…The U.A.E., home to about 7 percent of the world’s oil supply, has invested heavily in clean-energy technology as it seeks to diversify its economy away from crude hydrocarbons. READ MORE