Beyond Oil Enters into Supply Agreement with Second Global Fast-Food Chain in Israel

Beyond Oil Ltd., a Vancouver-based food-tech company, has announced a new supply agreement with the master franchisee of a major global fast-food chain in Israel. This marks the second international fast-food chain in the country to utilize Beyond Oil's innovative product, aimed at reducing health risks associated with fried food, while lowering costs and enhancing sustainability.

The agreement, dated June 4, 2024, will see Beyond Oil's product implemented across the chain over the next few months. The company expects full implementation within the initial 36-month term of the agreement, with provisions for automatic extension.

Jonathan Or, CEO of Beyond Oil, expressed confidence in the product's potential to revolutionize the food oil industry, offering significant health, environmental, and cost-saving benefits. This comes after the company's recent deployment of its product with another major fast-food chain.

Beyond Oil's product, a patented formula developed over 15 years, absorbs degradation components from frying oil, enabling its reuse while maintaining quality. This innovation addresses health risks, operational cost reductions, and environmental sustainability in the food industry.