The Emarat Petroleum Company (Emarat) and Lootah Biofuels have signed a MoU to enhance cooperation in line with the UAE plans to develop renewable energy sources and enhance sustainability.

 

The MoU aims to establish a framework for co-operation between the two parties to achieve a set of common goals that contribute to reducing greenhouse gas emissions and other pollutants associated with traditional fossil fuels, contributing to improved air quality and environmental sustainability in line with the directives of Ministry of Energy and Infrastructure and efforts to promote clean and sustainable energy, achieving the goals of the National Biofuels Policy and the UAE Net Zero 2050 strategy.

 

It focuses on strengthening co-operation in order to expand the collection network of used cooking oils through the retail stations network of Emarat, including biodiesel in their offering, exploring manufacturing of sustainable aviation fuel (SAF), and providing biodiesel to vessels in certain ports.

 

The agreement was signed by Emarat Petroleum Company CEO Ali Khalifa Al Shamsi and Lootah Biofuels Founder and CEO Yousif Saeed Lootah in the presence of a number of senior officials from both sides.

 

As per the deal, the duo will develop a mechanism that identifies the collection equipment, process, customer relationship, financial reconciliation and any other items required to solidify the process.

 

Emarat Petroleum said it will also look actively to include biodiesel produced by Lootah Biofuels in their offering in the retail stations in line with the guidelines of Ministry of Energy and Infrastructure (MoEI). It is expected to start offering biodiesel B5 and improve according to the timelines in MoEI’s guidelines.

 

"At Emarat, we are committed to providing innovative and sustainable energy solutions that keep pace with the UAE’s vision on clean and sustainable environment," said Al Shamsi. 

 

"This cooperation with Lootah Biofuels is an important step towards achieving our goals of adopting biofuels within our network of stations," he added.

 

Yousif Saeed Lootah, the Founder and CEO of Lootah Biofuels, said: "We are proud of our partnership with Emarat, a leader in the energy sector, as this cooperation represents an effective model of partnership between the government and private sectors to support national initiatives related to sustainable energy."

 

"We look forward to achieving tangible achievements through this cooperation, both in the collection of used cooking oils and the development of biofuels and sustainable aviation, in line with the country’s efforts to promote sustainability," he added.-TradeArabia News Service