UAE’s Neutral Fuels expands into India and Bahrain with eye on IPO

In the UAE, the National newspaper reports that local company Neutral Fuels who fuels McDonald’s fleet with UCO-based biodiesel based on its own UCO is expanding into India and Bahrain with the Indian facility near New Delhi under commissioning at the moment. Two more facilities are also under development in the UAE following a successful bond raising on the Frankfurt stock exchange for an undisclosed sum. The company’s CEO is looking to the London Stock Exchange as a potential home for a planned 2024 IPO.