MOU signed to boost growth of biofuels
DUBAI: The Ministry of Energy and Infrastructure (MOEI) of the United Arab Emirates and Lootah Biofuels, a leading circular economy pioneer producing biofuel from cooking oil in the UAE, announced the signing of a Memorandum of Understanding (MOU).
This strategic partnership aims to solidify bilateral relations and foster collaboration in developing, promoting, and utilising biofuels as a sustainable and alternative energy source for the nation.
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 MOU at the Lootah Biofuels factory in Dubai Industrial City.
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 knowledgesharing sessions for industry stakeholders. 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 country’s 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 visited Lootah Biofuels.
At the MOU signing, Sharif Salim Al-olama, Undersecretary for Energy and Petroleum Affairs in the Ministry of Energy and Infrastructure, 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.”