Maldivian hospitality group, Atmosphere Core, has signed a partnership with Dubai-based Lootah Biofuels for the supply of biodiesel and recycling of waste cooking oil across the hotel brand’s properties. 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.
Under the agreement, Lootah Biofuels will collect used cooking oil and recycle it to produce biodiesel in a move to reduce Atmosphere Core’s carbon footprint.
This is a first for the Maldives and, if successful and feasible for wider application throughout the hospitality industry, could play a significant role in achieving the country’s 2030 net zero target.
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. The company plans to rapidly increase production capacity, strengthen distribution channels, and redefine biodiesel quality to expand the reach of sustainable and environmentally friendly biofuels.
Atmosphere Core is a Maldivian hospitality company that currently operates eight resorts in the Maldives and has plans for further expansion into India, Sri Lanka, Nepal, and Bhutan.