DUBAL Holding Expands Green Investment Footprint with BiOD Technology Equity Stake

DUBAL Holding, a sovereign wealth fund dedicated to sustainable and green investments, has acquired an equity stake in BiOD Technology, the largest biodiesel manufacturer in the UAE and GCC region.

BiOD Technology is renowned for its innovative approach to converting used cooking oils (UCO) and palm oil mill effluent (POME) into clean biodiesel. The company operates the GCC's only second-generation biodiesel plant, significantly contributing to the circular economy and reducing greenhouse gas emissions by 84%, as verified by its ISCC certification.

This strategic partnership aims to bolster the UAE’s position in the global green economy, underscoring both companies’ commitment to environmental sustainability and innovation in the energy sector.

“This partnership with BiOD aligns perfectly with DUBAL Holding’s strategic objectives of investing in environmentally responsible and innovative businesses. We are confident that this collaboration will not only contribute to sustainable development in the UAE but also set a precedent for environmental responsibility worldwide,” stated Ahmad bin Fahad, CEO of DUBAL Holding.

Source: Gulf Business