Emarat and Lootah Biofuels sign MoU to enhance cooperation in RE

The Emarat Petroleum Company (Emarat), the pioneering petroleum company, 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 line with the UAE plans to develop renewable energy sources and enhance sustainability.

The MoU aims to establish a framework for cooperation 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 (MoEI) and efforts to promote clean and sustainable energy, achieving the goals of the National Biofuels Policy and the UAE Net Zero 2050 strategy.

According to the memorandum of understanding, the two parties will study and develop a mechanism for collecting used cooking oils through the retail stations network of Emarat 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 that contributes to reducing the burden on the environment. The parties will develop a 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.

In line with the UAE’s efforts to support sustainable transport and provide more sustainable fuel for the aviation sector, the two parties will cooperate to 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 into 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.