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7/10/24, 2:11 PM DUBAL Holding stake in UAE's biodiesel manufacturer BiOD
DUBAL Holding to acquire stake in

UAE’s biodiesel manufacturer BiOD

Tue, 9 Jul, 2024 By Arya M Nair, Official Reporter Follow author on

Rep.Image | Courtesy: DUBAL Holding | Cropped by GBN

DUBAL Holding, an Industrial Investment arm of the Investment Corporation

of Dubai (ICD), has announced a stake acquisition in BiOD Technology, the

UAE’s and the GCC’s largest biodiesel manufacturer.

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 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. This investment underscores DUBAL Holding’s commitment to

fostering a sustainable future and supports Dubai’s vision for a green economy.

“This partnership with BiOD aligns perfectly with DUBAL Holding’s

strategic objectives of investing in environmentally responsible and

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