Roberto Bocca
December 20, 2024
This video is part of: Centre for Energy and Materials
Lootah Biofuels, a Dubai-based company, is addressing the region's demand for sustainable fuels by collecting used cooking oil from local businesses.
Through a mobile app, businesses arrange collection, and Lootah currently gathers 500,000 liters of used oil monthly.
Biodiesel boasts a 74% smaller carbon footprint than diesel due to its plant-based origin. However, its limited supply makes it ideal for hard-to-electrify sectors like shipping, prompting
Lootah Biofuels to advocate for biofuel mandates in the UAE, similar to those in the US and EU.
The UAE has set ambitious goals for clean energy. The country aims to achieve net zero emissions by 2050 and is committed to increasing the clean energy share of its energy mix to 30% by 2030.
This ambition is reflected in global trends - for every $1 spent on fossil fuels, $1.70 is now invested in clean energy, compared to a 1:1 ratio just five years ago.
Roberto Bocca
December 20, 2024