WHEN FatHopes Energy Sdn Bhd chief executive officer and founder Vinesh Sinha established his company nine years ago at the age of 17, it was for the noble intention of recycling waste cooking oil and refining it into biodiesel.
The aim, he firmly stated, was not to manage the collection of waste oil, but to seek suppliers who could provide them with the material. Before long, however, he realised that there was instability in the supply.
“The main reason was that those who collected the waste were disorganised as it was not their primary business, ” shared Vinesh. Some of the collectors even included scrap metal dealers, who were using processes that were not consolidated or professional.
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