Both Lootah Biofuels and AlgaOil Ltd. announced the entry into a new project in which the two companies will merge their expertise together to develop new high oil content raw material for Biofuels such as Algae Oil.
“In line with UAE‘s vision for sustainable development, this project aims at developing alternate ways of extracting new raw material for Biofuels. We believe that algae can be a good replacement for vegetable oil based biofuel. We are in no doubt that this partnership will take Biofuel production in the region to the next level.”
this is a very good development as many are seeing the reason to venture into green and sustainable energy, with this our children can have a future.