Page 82 - DUBAL HOLDING PR REPORT - JULY 2024

7/10/24, 2:09 PM DUBAL Holding acquires equity stake in BioD Technology FZCO

DUBAL Holding and BiOD Technology FZCO jointly announced DUBAL Holding’s stake acquisition in BiOD. Image courtesy: DUBAL
Holding
ACQUISITION
DUBAL Holding acquires equity stake in BioD

Technology FZCO

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

Press Release

July 9, 2024

Dubai: 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.

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