Skip to content Skip to Search
Skip navigation

Lootah Biofuels strengthens Maldives presence

Lootah workers inspect the machines that turn used cooking oil into biofuel Lootah Biofuels
Lootah workers inspect the machines that turn used cooking oil into biofuel

Dubai’s Lootah Biofuels has signed a deal with Atmosphere Hotels & Resorts to provide and supply biodiesel and deliver waste cooking oil recycling services in the Maldives.

The agreement also supports the collection and recycling of used cooking oil from luxury resorts, hotels, restaurants and households to produce biodiesel.

The Global Centre for Maritime Decarbonisation found net carbon emissions fell 20 percent using a vegetable oil biofuel blend compared with very low sulphur fuel oil in a trial for a dual-fuel liquefied petroleum gas carrier, the centre said this week.

Global demand for biofuels is set to grow by 41 billion litres, or 28 percent, between 2021-2026, according to the International Energy Agency.

It is the second agreement Lootah Biofuels has signed this year with entities from the South Asian islands.

In May a deal was signed with state-owned Fenaka Corporation, a company serving the island communities of the Maldives, to establish its first biofuel plant outside the UAE.

The Republic of Maldives, a chain of atolls in the Indian Ocean, has launched several projects aimed at combating the effects of climate change as most of its islands are located just above sea level and threatened by rising temperatures.

Since its establishment in 2010, Lootah Biofuels, which is valued at $15 million, has been supplying the commercial fleets of large companies with biofuel that is cheaper than conventional diesel. 

It operates seven private biofuel stations in Dubai and Sharjah and plans to open a facility in Abu Dhabi this year.

Latest articles

Saudi Arabia Ronnie O'Sullivan snooker

Ronnie O’Sullivan to be Saudi snooker ambassador

Saudi Arabia has signed a deal with the world’s top snooker player, Ronnie O’Sullivan, for him to act as an “ambassador” for the sport in Saudi Arabia.  It was announced alongside news that Saudi Arabia has become an official sponsor of the World Snooker Championship that begins this weekend in Sheffield, UK. Under the three-year […]

UAE Costa Rica Cepa

Costa Rica added to UAE economic partners

The UAE has signed a comprehensive economic partnership agreement with Costa Rica, the latest in a string of trade deals around the world over the past two years. It is the first time the South American country has signed an agreement with a Middle Eastern country. The agreement will improve trade flows between the two […]

A man wades through a flooded street in Dubai. Some areas of the UAE received more than a year's worth of rain in one day

UAE president orders review after flooding

The UAE’s president, Sheikh Mohamed bin Zayed Al Nahyan, has ordered an urgent review of the country’s infrastructure after historic levels of rainfall brought the Gulf state to a standstill, with some areas seeing more than a year’s worth of rain in one day. The president has contacted authorities “to quickly work on studying the […]

Visitor numbers to Lebanon for the first 10 months of 2023 were up 21% on 2022 but there is currently 'no significant traffic' from the West

Beirut airport arrivals drop as Westerners stay away

The daily arrival rate at Lebanon’s only functioning international airport is down by 4 percent year on year in the first quarter of this year, according to Marwan Haber, the head of Middle East Airline’s (MEA) commercial division. Speaking at the Horeca hospitality conference in Beirut on Tuesday Haber said 95 percent of arrivals were […]