Latest News
- Kuwait Arrested 18 Drug Dealers
- 8 More Mental Health Clinics To Be Open
- Fishermen's Makeshift Houses Ordered To Be Removed By Kuwait
- Kuwait Cracks Down On Bachelors
- Non-oil Exports Of Kuwait Reached 106 Million Dinars In January,...
- Kuwait Joins The Global Celebration Of World Press Freedom Day
- Kuwaitis In UAE Advised To Exercise Caution Amid Unstable Weathe...
- MEW Has No Plans For Power Cuts And Is Ready To Tackle The Summe...
- Allow Employees To Transfer If Their Monthly Dues Are Not Paid
- Appeal Court Upholds Death Ruling In Friend’s Kill
- Pakistani Expat Died In A Tragic Accident
- The Hourly Domestic Workers Service Is A New Scam
Kuwait Bans Used Cooking Oil Export For One Year
With a view to maximizing the value of biofuel production and promoting sustainable practices, the Minister of Trade and Industry, in collaboration with the Minister of State for Youth Affairs, issued Ministerial Resolution No. (172) of 2023. In the resolution, Kuwait bans the export of used cooking oil and its waste for a year.
In accordance with the resolution, used cooking oil or its waste can only be sold to individuals or entities licensed by the Ministry of Commerce and Industry, the Environment Public Authority, and the Public Authority for Industry. In addition, those engaged in this activity must have a designated place licensed by the authorities.
Also mandated by the resolution is the use of electronic payment methods for all transactions involving used cooking oil or its waste. The purpose of this requirement is to enhance transparency and streamline financial transactions within the industry.
According to the explanatory memorandum, the decision is crucial to Kuwait's realization of added value. With the conversion of used cooking oil into biofuel, the country aims to create self-sufficient products, diversify income sources, and transfer modern technology. This transformational project will be funded by the National Fund for Small Businesses.
The memorandum emphasizes the importance of supporting national projects, especially those that contribute to sustainable development and energy security. For one year, used cooking oil waste cannot be exported to maximize benefits and create added value for the state. The report emphasizes the necessity of regulating the collection and trade of used cooking oil waste within the Kuwaiti market, so that such resources can be utilized for youth engagement and strategic projects.
Trending News
-
Expat Residency Law Amended By Kuwait Ministerial...
20 April 2024
-
Ministry Announces Separate Time For Amnesty Seeke...
21 April 2024
-
The Ministry Connects With Violators Of Residency...
23 April 2024
-
AstraZeneca Admits Covid Vaccine Can Cause Rare Si...
29 April 2024
-
Work Permits Will Be Issued For One Year Under The...
27 April 2024
-
3 Expats Caught In Salmiya With 213 Bottles Of Loc...
23 April 2024
-
Temperature Increases Cause Electricity Load Index...
21 April 2024
-
Al-Nuer Festival Celebrates Kuwaiti Agriculture Wi...
22 April 2024
-
Peak-time 'cut-offs' Raise Fears Of An Electricity...
22 April 2024
-
Road Trip From Kuwait To Bahrain Via Saudi: Travel...
22 April 2024
Comments Post Comment