LEADING sustainable aviation fuel (SAF) producer-distributor, Dubai's lootah Biofuels, has joined Malaysian FatHopes Energy, a cooking oil/grease provider, in a joint effort create a supply chain, reports Dubai's Oil & Gas Middle East.
This agreement, signed at the UAE Pavilion at COP28, marks a significant step towards addressing the aviation sector's carbon footprint, particularly in the Middle East, North Africa and Southeast Asia.
The memorandum of understanding brings together Yousif bin Saeed Lootah, CEO of Lootah Biofuels, and Vinesh Sinha, CEO of FatHopes Energy was signed in the presence of UAE Climate Change Minister Mariam Al Mheiri and Malaysian Climate Change Minister Tuan Nik Nazmi Bin Nik Ahmad.
Under this MoU, the partners will collaborate on a roadmap encompassing various initiatives and engagements, leveraging cutting-edge technologies to develop a practical supply chain for SAF, said the report.
Both companies are poised to explore the establishment of a feedstock aggregation storage terminal and an SAF refinery at strategic locations in Malaysia and the UAE.
The planned 200,000-square metre capacity terminal in Southeast Asia is expected to serve as a consolidation hub, feedstock supply for a UAE refinery. Additionally, the partnership will consider franchising opportunities for FatHopes Energy's technologies and programmes across the MENA region to secure adequate feedstock.
SeaNews Turkey
This agreement, signed at the UAE Pavilion at COP28, marks a significant step towards addressing the aviation sector's carbon footprint, particularly in the Middle East, North Africa and Southeast Asia.
The memorandum of understanding brings together Yousif bin Saeed Lootah, CEO of Lootah Biofuels, and Vinesh Sinha, CEO of FatHopes Energy was signed in the presence of UAE Climate Change Minister Mariam Al Mheiri and Malaysian Climate Change Minister Tuan Nik Nazmi Bin Nik Ahmad.
Under this MoU, the partners will collaborate on a roadmap encompassing various initiatives and engagements, leveraging cutting-edge technologies to develop a practical supply chain for SAF, said the report.
Both companies are poised to explore the establishment of a feedstock aggregation storage terminal and an SAF refinery at strategic locations in Malaysia and the UAE.
The planned 200,000-square metre capacity terminal in Southeast Asia is expected to serve as a consolidation hub, feedstock supply for a UAE refinery. Additionally, the partnership will consider franchising opportunities for FatHopes Energy's technologies and programmes across the MENA region to secure adequate feedstock.
SeaNews Turkey
