Page 86 - DUBAL HOLDING PR REPORT - JULY 2024

DUBAL Holding acquires

equity stake in BioD

Technology FZCO

July 10, 2024
11

Dubai, July 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 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.

https://mid-east.info/dubal-holding-acquires-equity-stake-in-biod-technology-fzco/