Photo by Soylentgreen23. Licensed under Creative Commons license 2.0.

As we noted when Dubai announced a test of GM Hybrids for taxi and limo service, just because the Emirate has a lot of oil doesn't mean it isn't interested in checking out alternatives. News is out today that the Dubai Group has
made a large ($49.5 million U.S.) investment in Malaysian biodiesel company GBD and now has a 30 percent stake in that company. The emirate-owned Dubai Investment Group's CEO, Abdulhakeem Kamkar, said that renewable energy and biofuels are the "preferred industry focus" for the DIG (the DIG is a subsidiary of Dubai Group). By the end of the year, GBD's huge biodiesel plant should be able to produce up to 500,000 metric tons of biodiesel a year from palm oil (d'oh) and jathropha.

[Source: Cleantech]


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • From Our Partners

    You May Like
    Links by Zergnet
    Cars for Sale Near You

    Share This Photo X