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7/11/24, 1:04 PM DUBAL Holding Expands Green Investment Footprint with BiOD Technology Equity Stake
DUBAL Holding Expands Green

Investment Footprint with BiOD

Technology Equity Stake

By Staff Writer, 10 July 2024

DUBAL Holding, a sovereign wealth fund dedicated to sustainable and green investments, has
acquired an equity stake in BiOD Technology, the largest biodiesel manufacturer in the UAE and GCC
region.

BiOD Technology is renowned for its innovative approach to converting used cooking oils (UCO) and
palm oil mill effluent (POME) into clean biodiesel. The company operates the GCC's only second-
generation biodiesel plant, significantly contributing to the circular economy and reducing greenhouse
gas emissions by 84%, as verified by its ISCC certification.

This strategic partnership aims to bolster the UAE’s position in the global green economy,
underscoring both companies’ commitment to environmental sustainability and innovation in the
energy sector.

“This partnership with BiOD aligns perfectly with DUBAL Holding’s strategic objectives of investing in
environmentally responsible and innovative businesses. We are confident that this collaboration will
not only contribute to sustainable development in the UAE but also set a precedent for environmental
responsibility worldwide,” stated Ahmad bin Fahad, CEO of DUBAL Holding.

Source: Gulf Business

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