First purpose built, commercial Biodiesel production facility in GCC - pioneering development of clean, renewable, alternative energy.
August 31, 2008
Alf Yad Limited LLC, a Dubai based venture capital fund today announced a venture capital investment in EmBio; positioned to become producer of the first constant supply of high grade Biodiesel in the United Arab Emirates and the Gulf Cooperation Council. EmBio was conceptualized and originated by the founders of UAE-based Ecobility Energy Solutions (Ecobility), a company dedicated to catalyzing change in the field of private sector sustainable development across three verticals; renewable energy, resource conservation and sustainable buildings. Daman Investments is manager of the fund.
Biodiesel is a non-petroleum fuel that possesses virtually the same properties as petroleum Diesel yet is both; clean burning and renewable. It is the only alternative fuel that has gained wide spread acceptance from the automobile industry. Biodiesel can be produced from a variety of organic sources such as vegetable oils, inedible oils and other biomass. Biodiesel is extremely practical as a blending agent and has become a valuable contributor to global initiatives attempting to enhance sustainability and reduce greenhouse gas emissions.