Neutral Fuels, Dubai based company has signed an agreement with McDonald’s Australia to launch a new biodiesel processing facility in the state of Victoria.Based in Dandenong, new facility situated just outside of Melbourne, will see the conversion of waste cooking oil to biodiesel.
It is worthwhile pointing out that Neutral Fuels originally come up with this routine in the Middle East where it tasted success and is now all set to make their mark into Victoria.The most important thing about this investment is that apart from creating new jobs, it is also going to add to the list of wide array of innovative companies that are already operating in Victoria.
According to the sources, Neutral Fuels are working very closely with the Victorian Government Business Office in Dubai.The Victorian government helped them out in identification of site, planning and regulatory needs so that there are no issues in terms of implementation.
The foray of Neutral Foods in the state of Victoria is a clear sign of how well Victoria is doing in terms of their International Engagement Strategy which focuses on seeking investment opportunities from markets like UAE.The waste collection sites of Neutral Fuels are there in the 106 McDonald’s restaurants across the state. The remaining 105 restaurants are going to be covered by the first quarter of next year.
In July 2011, Neutral Fuels took the responsibility of a pilot program with McDonald’s Middle East to test the whole routine for converting waste cooking oil collected from the restaurants of McDonald into biodiesel for the usage in the delivery vehicles of McDonald.The first facility was situated in the Dubai Investment Park, with the capacity in the vicinity of one million litres per annum.
Following the pilot program success, Neutral Fuels has now been given a go ahead to roll out 16 additional bio-fuel production facilities.