Page 101 - DUBAL HOLDING PR REPORT - JULY 2024

7/10/24, 2:11 PM Business News

DUBAL Holding acquires equity stake in BioD

Technology FZCO

10/07/2024

Dubai, 09 July 2024: In a landmark move for sustainable development in the UAE, DUBAL Holding and BiOD
Technology FZCO jointly announced DUBAL Holding’s stake acquisition in BiOD. This strategic partnership is

set to propel the UAE’s position in the global green economy, reinforcing both companies’ dedication to
environmental sustainability and innovation in the energy sector.

BiOD, the UAE's and the GCC’s largest biodiesel manufacturer, is renowned for its pioneering work in
transforming used cooking oils (UCO) and palm oil mill effluent (POME) into clean biodiesel. As the operator

of the GCC region’s only second-generation biodiesel plant, BiOD stands at the forefront of technological
innovation in renewable energy, showcasing its commitment to the circular economy and reducing

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