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The key focus areas under the MoU include collaborative R&D initiatives to explore and develop the biofuels market in the UAE
UAEs Ministry of Energy and Infrastructure (MoEI) and Lootah Biofuels, a leading circular economy pioneer producing biofuel from cooking oil, have signed an MoU to develop, promote and utilising biofuels as a sustainable energy source.
The MoU was signed at the Lootah Biofuels factory in Dubai Industrial City. Sharif Salim Al-Olama, the Undersecretary for Energy and Petroleum Affairs in the Ministry of Energy and Infrastructure and Yousif bin Saeed Lootah, founder and CEO of Lootah Biofuels, signed the deal.
The key focus areas under the MoU include collaborative R&D initiatives to explore and develop the biofuels market in the UAE and actively share knowledge and technical expertise through workshops, seminars, and knowledge-sharing sessions for industry stakeholders.
Mutual exchange
The partnership will also facilitate the mutual exchange of comprehensive data pertaining to biofuel production and commercial distribution. This data will be instrumental in informing policy decisions and tracking progress towards national clean energy goals.
The collaboration will focus on raising awareness and promoting the use of biofuels across the UAE. This will contribute to enhancing the countrys energy security and achieving its environmental sustainability objectives.
This MoU builds upon the successful meeting held in November 2023, where a high-level delegation from MoEI, led by Eng Saif Ghobash, Assistant Undersecretary for the Oil, Gas and Mineral Resources Sector at MoEI, visited Lootah Biofuels. The visit allowed MoEI to witness firsthand Lootah Biofuels innovative and sustainable solutions for biofuel production.
Sustainable solutions
At the MoU signing, Al-Olama said: “I would like to appreciate the efforts being made by Lootah Biofuels to promote the use of biofuels and to raise public awareness. We are excited to collaborate with Lootah Biofuels to continue advocating for adopting sustainable solutions while driving our climate commitments."
Lootah said: “Our collaboration with MoEI signifies Lootah Biofuels’ commitment to supporting the UAEs clean energy strategies to develop greener and circular energy resources. As an Emirati brand, we are honoured to partner with MoEI to drive the biofuels industry forward and contribute to the UAEs Net-Zero 2050 ambition."
In addition to joint research and market development for biofuels, both parties will raise awareness and promote the use of biofuels across the UAE. The MoU underscores the UAEs unwavering commitment to achieving its clean energy goals and Net-Zero 2050 Strategic Initiative. By combining Lootah Biofuels expertise in biofuel production with MoEIs leadership in energy policy, this collaboration will pave the way for significant advancements in the biofuels sector. |
