Page 78 - DUBAL HOLDING PR REPORT - JULY 2024

DUBAL Holding acquires

equity stake in BioD

Technology FZCO

By: Abu Dhabi SME Hub
News
Jul 09, 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 oth 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 greenhouse gas emissions by 84 per cent, as verified by its ISCC certification.

DUBAL Holding, a sovereign wealth fund with a focus on sustainable and green investments,
recognizes the strategic importance of BiOD’s mission and operations. This investment underscores

https://www.adsmehub.ae/en/explore/post-details/dubal-holding-acquires-equity-stake-in-
biod-technology-fzco