Page 84 - DUBAL HOLDING PR REPORT - JULY 2024

Energy

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 both companies’ dedication to environmental sustainability and innovation in the
energy sector
SME News Service
Published on:
09 Jul 2024, 5:56 pm
2 min read
In a major 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.

https://www.sustainabilitymenews.com/energy/dubal-holding-acquires-equity-stake-in-biod-
technology-fzco