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7/10/24, 2:08 PM Dubal Holding acquires equity in UAE-based biodiesel manufacturer to drive green economy | TahawulTech.com

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Dubal Holding acquires equity in UAE-

based biodiesel manufacturer to drive

green economy

MARK FORKER

23 HOURS AGO

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
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 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 not only contribute to sustainable development in the UAE but
also set a precedent for environmental responsibility worldwide,” said Ahmad bin Fahad, CEO of DUBAL
Holding.

Echoing this sentiment, BiOD’s CEO, Shiva Vig, expressed profound gratitude and optimism about the
future. “We are thrilled to welcome DUBAL Holding as a strategic partner. This is not just an investment in
our company but a testament to our shared vision for a sustainable future. We are proud to contribute to
the UAE’s green economy and look forward to making even greater strides in renewable energy with

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