Page 70 - DUBAL HOLDING PR REPORT - JULY 2024

7/10/24, 2:06 PM DUBAL Holding Acquires An Equity Stake In BiOD Technology FZCO
BiOD, the UAE’s and the GCC’s largest biodiesel manufacturer, is renowned for pioneering

the transformation of 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. It showcases

its commitment to the circular economy and has reduced greenhouse gas emissions by 84

per cent, as verified by its ISCC certification.

DUBAL Holding, a sovereign wealth fund focusing on sustainable and green investments,

recognizes the strategic importance of BiOD’s mission and operations. This investment

underscores DUBAL Holding’s commitment to fostering a sustainable future and supports

Dubai’s vision for a green economy. “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 contribute to

sustainable development in the UAE and set a precedent for environmental responsibility

worldwide,” said Ahmad bin Fahad, CEO of DUBAL Holding.

DUBAL Holding Acquires An Equity Stake In BiOD Technology FZCO

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