The Emarat Petroleum Company (Emarat) and Lootah Biofuels, a pioneer in the circular economy producing biofuels from used cooking oils, have signed a Memorandum of Understanding (MoU) to enhance cooperation in renewable energy.
The MoU aims to establish a cooperative framework to achieve common goals in reducing greenhouse gas emissions and other pollutants associated with traditional fossil fuels, enhancing environmental sustainability in line with the directives of Ministry of Energy and Infrastructure (MoEI) while driving the goals of the National Biofuels Policy and the UAE Net Zero 2050 strategy.
The agreement was signed by Ali Khalifa Al Shamsi, Chief Executive Office of Emarat Petroleum Company – Emarat, and Yousif Saeed Lootah, Founder and CEO of Lootah Biofuels, in the presence of a number of senior officials from both sides.
The collaboration focuses on enhancing cooperation 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.
Under the terms of MoU, the two parties will develop a mechanism for collecting used cooking oils through Emarat’s retail stations network for Lootah biofuels, which contributes to expanding the network of partners to provide it with used cooking oils for recycling and biofuel production as an innovative and practical solution.
Ali Khalifa Al Shamsi CEO – Emarat
“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. This cooperation with Lootah Biofuels is an important step towards achieving our goals of adopting biofuels within our network of stations.”
The parties will develop a comprehensive mechanism that identifies the collection equipment, process, customer relationship, financial reconciliation and any other items required to solidify the process.
Emarat will also be looking 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.
To support the UAE’s plan for sustainable transport, the two parties will collaboratively develop feasibility studies and investment mechanisms to build a plant to manufacture sustainable aviation fuel (SAF) to serve the aviation sector in the UAE and the region.
Additionally, both parties will look in potential collaboration on selling biodiesel to vessels in certain ports, which will contribute to supporting the sustainable maritime transport sector and strengthening the UAE’s position as a global maritime and logistics hub.
Yousif Saeed Lootah, Founder and CEO of Lootah Biofuels, added that, “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.”
