Page 91 - DUBAL HOLDING PR REPORT - JULY 2024

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

DUBAL Holding acquires equity stake in BioD

Technology FZCO

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7/9/2024 9:29:33 AM

(MENAFN- Orient Planet Group) Dubai, 09 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

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