Lootah Biofuels, a leading circular economy company producing biofuel from cooking oil in the UAE, has entered into a strategic partnership with Atmosphere Core in order to join forces in protecting the environment and promoting sustainable tourism.
Atmosphere Core is one of the largest hospitality companies in the Maldives with eight resorts within three lifestyle brands.
This joint effort is underpinned by a shared commitment to reducing waste, recycling resources, and promoting the principles of a circular economy, with the ultimate goal of leaving a healthier planet for future generations.
Yousif bin Saeed Lootah CEO – Lootah Biofuels
“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. This MoU will also advance our existing partnership with FENAKA Corporation by providing substantial biomass for producing biofuel locally.”
The MoU also 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.
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, significantly reducing the operational carbon footprint while contributing to building a sustainable tourism industry in the Maldives.
Mr. Ismail Hilmy, Chairman of Atmosphere Core of the Maldives, said that, ” 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,” Mr. Hilmy added.
