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Beyond Oil's Global Push: 16-Ton Eastern European Order Marks Major Expansion in Sustainable Food Tech

11-04-2024 10:04 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ABNewswire

Beyond Oil's Global Push: 16-Ton Eastern European Order Marks

TL;DR: Beyond Oil Ltd (CSE:BOIL) (OTC:BEOLF) recently announced a 16-ton order from an Eastern European franchisee, marking a significant step in its global expansion strategy. The company's innovative powdered filtration solution significantly extends frying oil life, offering cost savings and health benefits. This follows a slew of recent achievements such as a strategic partnership with West Coast Reduction positioning Beyond Oil for broader expansion in both North America and Europe.
Beyond Oil's recent announcement [https://finance.yahoo.com/news/beyond-oil-expands-sales-eastern-113000485.html] of a 16-ton order from an Eastern European franchisee of a major global fast-food chain marks a pivotal development in the company's strategic expansion. This milestone not only reinforces the company's credibility as an innovator in sustainable food tech but also seems to signal its growing traction in international markets.

A Closer Look at The Strategic Expansion

Beyond Oil's move into Eastern Europe is emblematic of its calculated approach to global market entry. By targeting franchisees linked to established international fast-food chains, the company maximizes its exposure and builds upon successful pilot programs conducted near its R&D hub in Israel. This tactic allows Beyond Oil to showcase data-driven results, appealing to larger markets and securing follow-on orders.

CEO Jonathan Or noted the broader vision behind this achievement, emphasizing the need for penetration into high-population markets to accelerate company growth. The expansion strategy-evident in the 16-ton order-illustrates Beyond Oil's focus on scaling rapidly and reaching markets with substantial economic impact.

Notably,the market for Beyond Oil's product spans from small restaurants to massive industrial frying operations, representing a combined global opportunity potentially worth billion. According to the company, the restaurant sector, with approximately 30 million commercial fryers, constitutes an estimated $45 billion total addressable market (TAM). More notably, the industrial frying sector's TAM soars to $700 billion, driven by the need for efficiency and sustainability.

What sets Beyond Oil apart is its dual-value proposition: enhancing food quality and health while reducing costs. Traditional oil filtration methods capture surface-level impurities but fail to remove harmful compounds effectively. Beyond Oil's patented powdered filtration solution actively absorbs free fatty acids (FFAs), trans fats, and acrylamide-by-products known to pose health risks-extending oil life by up to 30 days. This not only minimizes operational costs but also aligns with sustainability initiatives by reducing oil consumption and waste.

Competitive Edge in Technology

The key differentiator for Beyond Oil lies in its proprietary technology. Unlike conventional filtration systems that primarily focus on surface-level debris, Beyond Oil's solution provides deep filtration, restoring oil to a near-new state. This results in fewer oil changes, which translates into cost savings for food-service operators and industrial frying companies.

Furthermore, the product's environmental impact cannot be understated. Extending the lifespan of frying oil reduces transportation and disposal needs, cutting down on carbon emissions. This positions Beyond Oil as a sustainable, eco-friendly option-an appealing choice for businesses striving to meet environmental regulations and consumer demand for greener practices.

Beyond Oil's robust clinical backing adds weight to its market position. Studies by leading academics, including Professor Nissim Garti of the Hebrew University of Jerusalem, highlight the health benefits of reducing harmful compounds in reused frying oil. These studies are complemented by regulatory clearances from major health authorities, such as the FDA, Health Canada, and Israel's Ministry of Health.

This validation not only supports Beyond Oil's claims of health and safety but also strengthens its competitive advantage in a market where efficacy and regulatory compliance are paramount.

The Pathway to Greater Market Share

With the successful Eastern European order, Beyond Oil (CSE: BOIL) (OTCQB: BEOLF) is positioned to further its reach across Europe and beyond. The recent collaboration with West Coast Reduction Ltd., a major used cooking oil collector in North America, already sets the stage for expansion across the U.S. and Canada. Additionally, Beyond Oil's letter of intent (LOI) with a global food equipment manufacturer to develop an integrated industrial frying solution signals its strategic intent to capture high-margin industrial clients.

This multifaceted approach highlights Beyond Oil's adaptability and readiness to serve both the food-service and industrial sectors. The company's ability to align health benefits with economic value places it in a unique position to disrupt traditional practices.

Beyond Oil's core value proposition-sustainability paired with cost-efficiency-is particularly resonant in today's market landscape. Businesses are increasingly pressured to adopt sustainable practices without incurring prohibitive costs. Beyond Oil's technology meets this demand by offering a solution that not only minimizes environmental impact but also delivers tangible savings in oil expenses. This positions the company as a preferred partner for food-service providers seeking competitive advantages.

There is no doubt that disrupting a market like this challenging, however, with its unique blend of innovative technology, proven health benefits, and market-savvy strategy, Beyond Oil may be as a compelling case study in how targeted growth and sustainability can go hand in hand to redefine industry norms.

Quick Links, Read More >>

> Beyond Oil Expands Sales into Eastern Europe with 16 Ton Order from Franchisee of Global Fast-Food Chain [https://finance.yahoo.com/news/beyond-oil-expands-sales-eastern-113000485.html]

> Beyond Oil and West Coast Reduction Provide Commercial Update to Strategic Partnership in North America [https://finance.yahoo.com/news/beyond-oil-west-coast-reduction-111500810.html]

> [https://www.marketscreener.com/quote/stock/DR-REDDY-S-LABORATORIES-L-6492671/news/Market-Alert-Dr-Reddy-s-Labs-Reports-New-Data-for-Aurigene-CAR-T-Phase-1-Gets-Approvals-for-Phase-48040182/]

Image: https://www.abnewswire.com/uploads/c2172af0f21d5b75d8e334e318322c9b.png

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 Author, Global Markets News Network, is 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 the full disclaimers and disclosures document [https://justpaste.it/7796t/pdf] that the article is subject to. This article may include forward looking statements which cannot be guaranteed as discussed in the documentation. https://justpaste.it/7796t/pdf

Media Contact
Company Name: Global Markets News Network
Contact Person: Editorial Desk
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=beyond-oils-global-push-16ton-eastern-european-order-marks-major-expansion-in-sustainable-food-tech]
Country: Canada
Website: https://www.futuremarketsresearch.com/global-markets-news



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