Lootah Biofuels signs agreement to establish first biofuel plant outside UAE

Lootah Biofuels signs agreement to establish first biofuel plant outside UAE

Dubai, United Arab Emirates: Lootah Biofuels has signed an agreement with Fenaka Corporation Limited, a state-owned utility company providing electricity, water, and sewerage to the island communities of the Maldives, to establish its first biofuel production plant from waste cooking oil outside the UAE.

The signing of the agreement underscores Lootah Biofuels' commitment to expanding its reach beyond the UAE and its range of innovative sustainable solutions to meet long-term energy needs through clean alternatives that are compatible with the pillars of circular economy and sustainable development.

The Republic of Maldives is one of the countries most concerned about environmental sustainability and has launched several projects aimed at combating the effects of climate change on the country, as most of the Maldivian islands are located within a close range above sea level.

The signing of the agreement took place during the visit of a delegation from Lootah Biofuels, led by Yousif bin Saeed Lootah, the company's CEO, to the Maldives at the invitation of the government to discuss opportunities for cooperation and benefit from the company's expertise in biofuel production.

During the visit, the Lootah Biofuels Company delegation held a series of discussions and meetings with representatives of the Maldivian government, where they met