Paul Van den Bergh: How I cleaned up in the oil spill market

When Paul Van den Bergh worked out how to save insurance companies a packet on oil spills, he knew he was on to a winner. Now, his firm Verde Environmental Group turns over more than €3m a year.

Paul Van den Bergh was always determined to run his own business. "My dad was a businessman and I knew that I wanted to work for myself." After graduating in marketing, he spent a year collecting debts for an Irish pork company in Spain ("an interesting experience"). A year later he returned to Ireland to start a market research firm with two old university friends. "We did a bit of everything, and would take on any type of marketing work." It was 1993 and Ireland's economy was going gangbusters. By 1997 sales hit €500,000. Yet Van den Bergh's partners wanted to leave "to pursue individual projects". He knew he would be going it alone. Luckily, an opportunity dropped into his lap.

One of his clients had asked for a feasibility study into a business that cleaned up domestic oil spills. "In Ireland a lot of homes rely on oil-based central heating and every year there are around 1,000 spills. Fixing one is normally quite tricky because the oil seeps under the house and the inhabitants need to be evacuated while the problem is treated."

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James McKeigue

James graduated from Keele University with a BA (Hons) in English literature and history, and has a certificate in journalism from the NCTJ. James has worked as a freelance journalist in various Latin American countries.He also had a spell at ITV, as welll as wring for Television Business International and covering the European equity markets for the Forbes.com London bureau. James has travelled extensively in emerging markets, reporting for international energy magazines such as Oil and Gas Investor, and institutional publications such as the Commonwealth Business Environment Report. He is currently the managing editor of LatAm INVESTOR, the UK's only Latin American finance magazine.