Switzerland-headed green chemistry technology company Deasyl Swiss and United Arab Emirates (UAE) biodiesel producer Lootah Biofuels, have announced that they will enter a strategic partnership. The joint collaboration will aim to drive the development of low-carbon biofuels and methods to utilize glycerin.
The two companies have signed a corresponding Memorandum of Understanding (MoU) in Abu Dhabi during ADIPEC 2023, one of the world’s largest energy industry events, and, according to a statement, marks the first step in the direction of establishing a joint venture.
Deasyl Swiss identifies, develops, and licenses novel chemicals and chemical processes that offer an alternative to environmentally harmful processes. These are used by large petrochemical and fine chemical companies.
Lootah Biofuels specializes in the production of biofuels such as biodiesel derived from used cooking oil (UCO).
Develop low-carbon biofuels
The partnership between the two companies is aimed at driving the development of low-carbon biofuels and the utilization of glycerin utilizing the expertise and patented solutions of Deasyl Swiss.
Yousif bin Saeed Lootah, CEO of Lootah Biofuels, highlighted the shared mission to promote high-quality, low-carbon biofuels, all the while cutting greenhouse gas (GHG) emissions and meeting the growing demand for sustainable energy sources
This partnership is a strong alliance with the potential to reduce environmental impacts and accelerate the transition to a sustainable ecosystem, said Julien Thiel, CEO of Deasyl Swiss.
