Maldivian hospitality group Atmosphere Core signed a partnership with Dubai-based Lootah Biofuels to supply biodiesel and recycle waste cooking oil across its hotel properties. The agreement was signed at The Deals Hub business forum in Dubai, and is described as a first for the Maldives that could support the country's 2030 net zero target.
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Lootah Biofuels, headquartered in Dubai and founded in 2010, is valued at US$15 million and aims to introduce sustainable solutions for long-term energy requirements.
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could play a significant role in achieving the country's 2030 net zero target.
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Lootah Biofuels, headquartered in Dubai and founded in 2010, is valued at US$15 million and aims to introduce sustainable solutions for long-term energy requirements.
Word for word from the report in Maldives Republic. Open the report
The agreement was signed at The Deals Hub business forum held in Dubai's Madinat Jumeirah from 1 to 2 November by Ismail Hilmy, Chairman of Atmosphere Core, and Yousuf bin Saeed Lootah, CEO of Lootah Biofuels.
Word for word from the report in Maldives Republic. Open the report