Page 56 - DUBAL HOLDING PR REPORT - JULY 2024
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7/11/24, 12:05 PM News | Day of Dubai
BUSINESS
Business Jul 10, 2024 202 20
DUBAL Holding Acquires Equity Stake In BiOD Technology FZCO To
Boost UAE’s Green Economy
In a significant move for sustainable development, DUBAL Holding has acquired an equity stake in
BiOD Technology FZCO. This strategic partnership is poised to enhance the UAE’s global standing in
the green economy, underscoring both companies' commitment to environmental sustainability and
innovation in the energy sector.
BiOD Technology, the largest biodiesel manufacturer in the UAE and GCC, is renowned for its
groundbreaking work in converting used cooking oils (UCO) and palm oil mill effluent (POME) into
clean biodiesel. Operating the region’s only second-generation biodiesel plant, BiOD leads in
renewable energy technology, contributing to the circular economy and significantly reducing
greenhouse gas emissions by 84%, as verified by its ISCC certification.
https://www.dayofdubai.com/news/dubal-holding-acquires-equity-stake-in-biod-technology-fzco-to-boost-uaes-green-economy 1/2
