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McDonalds Corp. (NYSE:MCD) Going Eco-Friendly

McDonalds Corp. (NYSE:MCD) UAE has gone green.

McDonalds Corp. (NYSE:MCD) Going Eco-Friendly

Bloomberg has reported that McDonalds Corp. (NYSE:MCD) UAE and privately held Neutral Fuels LLC have formed a venture to make biodiesel from recycled vegetable oil from McDonalds Corp. (NYSE:MCD) outlets in the United Arab Emirates.

Karl Feilder, chairman of Neutral Group, said that, “The venture involves the Gulf nation’s first plant licensed to make biodiesel. The facility will have an annual output capacity of 1 million liters (264,000 gallons).We are taking away the need to import diesel. Biodiesel from the factory in Dubai, the second-largest emirate in the U.A.E., will supply a limited number of companies at first and won’t be available for wider sale”.

McDonald’s Corp. (NYSE:MCD) shares were at 85.65 at the end of the last day’s trading. There’s been a 12.7% change in the stock price over the past 3 months.

McDonalds Corp. (NYSE:MCD) Going Eco-Friendly
McDonald’s Corp. (NYSE:MCD) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.71
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.71
Zack’s Rank: 15 out of 43 in the industry

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