Home » Lootah Biofuels and Atmosphere Core partner to promote sustainable tourism

Lootah Biofuels and Atmosphere Core partner to promote sustainable tourism

by Madaline Dunn

Lootah Biofuels has announced that it has entered into a strategic partnership with Atmosphere Core, with the aim of protecting the environment and promoting sustainable tourism.

The Memorandum of Understanding (MoU) between the two companies was signed by Yousif bin Saeed Lootah, founder and CEO of Lootah Biofuels, and Ismail Hilmy, chairman of Atmosphere Core Pvt Ltd of the Maldives, at the Dubai Business Forum.

The MoU expands Lootah Biofuels’ international footprint and will contribute to the Maldives Clean Energy Initiative, the Maldives Marine Protected Areas Initiative and the Maldives Sustainable Tourism Initiative.

Further, under the MoU, both parties will work towards fostering a circular economy in the Maldives and introduce “environmentally friendly biofuel,” produced by Lootah Biofuels, at resorts managed by Atmosphere Core, aimed at reducing the operational carbon footprint while also contributing to building a sustainable tourism industry in the Maldives.

Another fundamental element of the partnership is to explore the feasibility of collecting and recycling used cooking oil from resorts, hotels and households in the Maldives through Lootah Biofuels’ pilot biofuel plant in the Maldives.

The partnerships will reportedly create employment opportunities and also aid in reducing the country’s dependence on traditional fossil fuels, aligning with the Maldives’ goal of carbon neutrality by 2050.

At the signing ceremony, Yousif bin Saeed Lootah said: “Our partnership with Atmosphere Core is an important step towards a more sustainable and circular tourism industry. The pristine ocean around the Maldives is not just a picturesque backdrop; it plays a key role in driving the country’s economy, which depends on fisheries and tourism. It is a privilege for us to work with Atmosphere Core and the government of the Maldives to build a circular energy ecosystem.”

Ismail Hilmy added: “At Atmosphere Core, we’ve always cared deeply about preserving the environment while offering our guests a world-class holiday experience. This partnership allows us to further elevate our commitment to environmental responsibility, ensuring that guests can enjoy the natural beauty of the Maldives without harming it. We are determined to set an example for the entire industry, illustrating that environmental protection and economic growth can go hand in hand.”

You may also like

[email protected]  | About Us | Careers | Privacy & Policy

 © 2024 ESG Mena