$BOIL Beyond Oil Ltd (CSE: BOIL) (OTC: BEOLF) recently announced a significant 16-ton order from an Eastern European franchisee of a major global fast-food chain, marking a significant step in its global expansion. This order follows the successful completion of a pilot program in Eastern Europe and represents a critical milestone as Beyond Oil continues to disrupt the food oil industry on a global scale. The franchisee’s decision to place this order highlights Beyond Oil’s innovative powdered filtration technology, which extends frying oil lifespan, delivering cost savings, health benefits, and enhanced sustainability.

Jonathan Or, CEO of Beyond Oil, commented on the importance of this achievement: “Our team has heard loud and clear from our shareholders and other stakeholders that Beyond Oil needs to penetrate the restaurant markets in larger, more populated countries to gain a more significant market presence and grow our company faster and more substantially. Our market penetration strategy has focused on closing successful pilots and initial sales with global chains near our R&D center in Israel and then using that data to reach affiliated franchise groups in larger countries. We are very excited about this order for a full container of our product into Eastern Europe—our strategy is being executed in real-time, and we will continue to work hard to accelerate the pace and geographic scope of our expansion.”

Just prior to this announcement, Beyond Oil provided an update on its agreement with West Coast Reduction Ltd. (WCRL), which positions WCRL as their exclusive distributor in Canada for the food service and industrial frying sectors and a non-exclusive distributor in Washington State. According to the update, since receiving its first shipment of the Beyond Oil product in the spring of 2024, WCRL has successfully conducted customer demonstrations and pilot programs with small restaurant groups, regional chains, national chains, and international chains. These pilots validated Beyond Oil’s claims of extending oil life, improving public health, and enhancing food quality and sustainability.

These successful programs led WCRL to secure supply agreements with multiple customers in Western Canada. In recent months, WCRL has been focused on training staff, creating marketing materials, building customer support systems, and refining its distribution strategy for Beyond Oil’s products. This preparation sets the stage for an accelerated roll-out across Canada and Washington State, expanding current pilot programs, engaging new customers, and broadening marketing efforts.

Beyond Oil’s market position is supported by clinical studies from experts like Professor Nissim Garti of the Hebrew University of Jerusalem, confirming the health benefits of reducing harmful compounds in reused oil. Regulatory clearances from the FDA, Health Canada, and Israel’s Ministry of Health further bolster the company’s standing.

While the primary focus remains on food-service operations, the Strategic Agreement with WCRL signals Beyond Oil’s initial moves into the industrial frying sector, which according to the company represents a substantial market valued at approximately $700 billion. The demand for cost-efficient, sustainable solutions in the industrial sector aligns well with Beyond Oil’s offerings, presenting significant growth opportunities. Extending oil life and reducing disposal needs not only cuts costs but also minimizes carbon emissions, appealing to large-scale operators.

This multi-faceted approach allows Beyond Oil to serve both food-service and industrial sectors, balancing economic value with sustainability. As companies face increasing pressure to adopt eco-friendly practices without incurring excessive costs, Beyond Oil’s technology offers a compelling, innovative solution.


Originally Published on The Finance Herald


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This article is for informational purposes only and is not intended to serve as financial, investment or any form of professional advice, recommendation or endorsement. The article was written in collaboration with Global Markets News Network, a commercially operated digital brand compensated by the issuer (beyond oil) to provide coverage of its news and developments, among other things. Readers are encouraged to read the full disclaimers and disclosures document that the article is subject to. This article may include forward looking statements which cannot be guaranteed as discussed in the documentation.

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[This syndication was generated as part of a paid automated IR syndication service provided to Beyond Oil]