Established in 2010, FatHopes Energy develops sustainable fats, oils, and grease solutions for advanced biofuel production. Their state-of-the-art refineries and assets are located in strategic locations across Southeast Asia. These "green oil wells" transform the way the waste oil industry feeds into the existing petroleum infrastructure. Their wells are systems in which restaurants pipe oil directly from their fryers to a holding tank. The tank is connected to the internet, which monitors the levels of oil and allows for the collection stage to optimally time oil collection. As a side effect of this direct-to-holding option, these restaurants can cut their number of fryers in half, as they no longer need to wait for them to cool. Over the years, FatHopes has managed to cement its position as a robust and reliable supplier of ready-to-use biofuels, as well as a biofuel feedstock, to the global market. McDonald's has partnered with FatHopes to install green oil wells in many of their locations globally. To date, FatHopes has converted over 150 million kilograms of waste oil into biofuel, saving over 45 million kilograms of carbon.