30 Vi­nesh Sinha

Con­vert­ing Waste to Wealth

Prestige (Malaysia) - - Hublot -

While Vi­nesh Sinha’s ado­les­cent peers were oc­cu­pied with at­tend­ing to their grades at school, the in­quis­i­tive young man found him­self yearn­ing for an al­ter­na­tive pur­pose in life, of­ten ques­tion­ing why things are done in a cer­tain way es­pe­cially per­tain­ing to his in­ter­est in au­to­mo­biles. This dis­tinc­tive trait spurred Vi­nesh to tread down an un­prece­dented path, spark­ing his in­ter­est in the bio­fuel in­dus­try.

His in­ter­est took a se­ri­ous turn once he en­rolled in Lon­don’s School of Com­merce but he did not re­turn home with a de­gree scroll. In­stead, his time at Lon­don served as the im­pe­tus for his com­pany FatHopes En­ergy, which he founded after cash­ing out on his univer­sity tu­ition fees. The com­pany’s busi­ness model falls back on turn­ing waste oils col­lected from the food in­dus­try into bio­fu­els.

It’s been eight years since the in­cep­tion of FatHopes En­ergy but Vi­nesh has his sights set on cov­er­ing the ASEAN re­gion come 2020. “We have de­vel­oped in­ter­nally a state-of-theart IOT tech­nol­ogy that sig­nif­i­cantly im­proves col­lec­tion ac­tiv­i­ties and dras­ti­cally in­creases trace­abil­ity – pro­vid­ing ro­bust and re­li­able live data of lo­ca­tion, fill level and fre­quency of ser­vice,” says Vi­nesh who was also on Forbes’ 30 Un­der 30 this year.

To en­sure the busi­ness is sus­tain­able, Vi­nesh says the com­pany adopts a “waste to wealth con­ver­sion” busi­ness model. “We un­der­stand that we can­not build a global busi­ness around a tree-hug­ging men­tal­ity, hence we have built our model around grow­ing eco­nomic value to all our stake­hold­ers while con­duct­ing busi­ness in an en­vi­ron­men­tally-com­pli­ant man­ner.”

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