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7/10/24, 2:11 PM DUBAL Holding acquires equity stake in BioD Technology FZCO | Web Release

BUSINESS

DUBAL Holding Acquires Equity Stake In BioD Technology FZCO

By Editor_wr On Jul 10, 2024

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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.

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

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