UAE companies find putting waste to good use makes for good business

UAE companies find putting waste to good use makes for good business

Dubai: There’s renewable energy. Then there’s the clean energy possibilities. And there is also a lot that businesses can do with used/recycled resources when it comes to meeting their needs. Or of their clients. More UAE businesses are adding their weight behind the great sustainability drive – all of which will eventually add up to the Net Zero on carbon emissions by 2050 ambitions the country has set for itself. There is Aldar and the Abu Dhabi mega-bank FAB that have already carved out their sustainability goals, and setting the pathways to meet them. Expect more UAE businesses and organisations to do the same before the COP28 summit opens in the UAE by year-end. Some have already started out on the process – and making good use of reprocessing or recycling. For Shiva Vig, it’s about making a statement through biofuel. The CEO of BIOD Technology operates a plant in Jebel Ali where it processes waste oil into bio-diesel. The investment in the facility entailed capital of $20 million. The reason for that fairly substantial investment is clear-cut, says Vig. “In the past - even now, I say – used cooking oil (the waste oil) is being exported to the