Move to promote sustainable development
Lootah Biofuels, a pioneer in the circular economy producing biofuels from used cooking oils, recently announced discussing potential collaboration with SAVICO Group, one of Vietnam’s largest companies in the circular economy, green technology, and renewable energy sectors.
The discussions took place during Lootah Biofuels’ participation in the Vietnam–UAE Business Forum, organised by Vietnam’s Ministry of Planning and Investment and the Vietnamese Embassy in cooperation with Dubai Chambers.
The Forum included the participation of Pham Minh Chin, Prime Minister of Vietnam; HE Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade; HE Abdulaziz Al-Ghurair, Chairman of Dubai Chambers; HE Mohammed Ali Rashid Lootah, Director General, Dubai Chambers, and a number of officials, business leaders, and investors from both nations.
Bilateral cooperation
At the forum, Yousif bin Saeed Lootah, Founder and CEO of Lootah Biofuels, and Dr Nguyen Thanh Hong, Chairman of the Board of Directors, SAVICO Group, discussed strategies to strengthen bilateral cooperation aimed at achieving sustainable development goals in the UAE and Vietnam.
“We are delighted to collaborate with SAVICO Group, recognised for its investment in We aim to deepen our partnership to contribute to advancing sustainable energy solutions, which aligns with the UAE’s strategic vision and energy diversification goals in support of Net Zero targets,” stated Saeed Lootah.
Founded in 2015, Lootah Biofuels is committed to supporting the UAE Circular Economy Strategy and began producing biofuels from used cooking oils to provide clean, sustainable energy sources.
Currently producing 6nm litres annually, Lootah Biofuels is expanding its capacity to meet the growing demand for clean energy in the transport sector.
