Partnership to boost UAE’s global green economy credentials
In a landmark move for sustainable development in the UAE, DUBAL Holding and BiOD Technology 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, highlighting its commitment to the circular economy and reducing greenhouse gas emissions by 84 per cent, as verified by its ISCC certification.
Sustainable development
“This collaboration will not only contribute to sustainable development in the UAE but also set a precedent for environmental responsibility worldwide,” remarked Ahmad Bin Fahad, CEO, DUBAL Holding.
“We are proud to contribute to the UAE’s green economy and look forward to making even greater strides in renewable energy with DUBAL Holding’s support,” stated Shiva Vig, CEO, BiOD.
The collaboration between DUBAL Holding and BiOD marks a significant milestone in the pursuit of sustainability and innovation in the energy sector. It not only highlights the UAE’s leadership in green technology but also sets a powerful example of how strategic partnerships can drive substantial progress towards a cleaner, more sustainable future, a press statement concluded.
