CNN: Why truckers are turning to cooking oil
Transport accounts for more than a fifth of global CO2 emissions, by most estimates, and diesel-powered commercial trucks are big contributors.
Such vehicles are the target for Neutral Fuels, which has been building an empire from leftover kitchen waste since launching what it describes as the Middle East's first biofuel refinery in Dubai in 2011.
"While we are all very excited about what's happening in the US and China with electric cars, there isn't the fantastic explosion in electric trucks," says company Founder and CEO Karl Feilder. "So the diesel trucks have to run on something that's a bit cleaner."
Neutral Fuels got off the ground through a partnership with McDonald's (MCD), which supplies the oil used to cook fries and chicken nuggets to the company's refinery instead of discarding it.
About Karl Feilder: Founder, CEO and Chairman of The Neutral Group and Neutral Fuels, Karl Feilder is a serial tech entrepreneur, sustainability advocate and international speaker. His direct actions to mitigate climate change have resulted in over 14 million tonnes of CO2e savings from global corporations. Karl has previously built five companies to exit via trade sale, and taken two more to their Initial Public Offering (IPO). A British national, Karl is now preparing its Neutral Fuels LLC subsidiary, a company that produces bio-fuel from used cooking oil, for an IPO on the London AIM stock market in 2023. Karl is the host of Middle East podcast and video series, Not Another Empty Suit.
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