DUBAL Holding announced its acquisition of an equity stake in BioD Technology FZCO, a significant move underscoring a joint commitment to sustainable development and innovation in the UAE’s energy sector. BioD is known for converting used cooking oils and palm oil mill effluent into biodiesel, significantly reducing greenhouse gas emissions. DUBAL Holding’s investment aligns with its mission to support environmentally responsible businesses, contributing to the UAE’s vision of a green economy. The partnership will further showcase the UAE’s leadership in green technology and sustainable energy. Both companies expressed optimism about their future collaboration, highlighting the role of strategic advisors like Ideal Capital in facilitating the deal.

Energy, Private Equity, Sustainability,UAE, GCC

https://www.zawya.com/en/press-release/companies-news/dubal-holding-acquires-equity-stake-in-biod-technology-fzco-spwlsmeb