UAE’s Lootah Biofuels strikes agreement with Atmosphere Core – Business Traveller
Lootah Biofuels, a circular economy company that produces biofuel from cooking oil in the UAE, has entered into a partnership with hospitality company Atmosphere Core for the latter’s properties in the Maldives.
The MoU was signed earlier this month and both entities will now work towards building a circular economy in the Maldives and introduce environmentally friendly biofuel, produced by Lootah Biofuels, at resorts managed by Atmosphere Core. The move is expected to significantly reduce the operational carbon footprint of the hospitality group in the Maldives.
Furthermore, they will jointly explore the feasibility of collecting and recycling used cooking oil from resorts, hotels and households in the Maldives through Lootah Biofuels’ pilot biofuel plant in the Maldives.
That move will...