Page 88 - DUBAL HOLDING PR REPORT - JULY 2024

JULY 9, 2024

BY JOYCE ONYEAGORO
INFRASTRUCTURE

DUBAL Holding Acquires Stake in BiOD to

Boost UAE’s Green Economy

DUBAL Holding’s stake in BiOD strengthens UAE’s green economy through sustainable

biodiesel production and innovation.

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.

https://www.techafricanews.com/2024/07/09/dubal-holding-acquires-stake-in-biod-to-boost-
uaes-green-economy/