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Dubai-based investors to set up biofuel plant

31-Aug-2008
Story Timeline:  93 days

DUBAI, Aug 31 (Reuters) - Dubai-based asset manager Daman Investments will take a majority stake in a venture to build the emirates' first plant to produce biodiesel from inedible oils, Daman Chief Executive Shehab Gargash said on Sunday. Rapidly-growing Dubai is facing a surge in oil demand as one of the cities benefitting from an petrodollar-fuelled economic boom in the Gulf. It is the trade and tourism hub... [read full story]                    

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Latest article on this story:

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