The UAE’s Ministry of Energy and Infrastructure (MOEI) and Lootah Biofuels have signed a Memorandum of Understanding (MoU) to foster collaboration in developing, promoting, and utilising biofuels.
The MoU will focus on a number of priority areas, including collaborative R&D initiatives to develop the biofuels market and workshops, seminars, and knowledge-sharing sessions for industry stakeholders.
There will also be a mutual exchange of comprehensive data related to biofuel production and commercial distribution, which will be central to informing policy decisions and tracking progress towards national clean energy goals.
The MoU was signed at the Lootah Biofuels factory in Dubai Industrial City by H.E 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.
H.E Sharif Salim 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.”
Meanwhile, Yousif bin Saeed Lootah said that the collaboration with the Ministry of Energy and Infrastructure signifies the company’s commitment to supporting the UAE’s clean energy strategies.
“As an Emirati brand, we are honoured to partner with MoEI to drive the biofuels industry forward and contribute to the UAE’s Net-Zero 2050 ambition,” he commented.