Beyond Oil Enters LOI with Global Food Equipment Manufacturer

Beyond Oil Ltd., a Vancouver-based food-tech company, has announced a letter of intent (LOI) with one of the world's largest food equipment manufacturers. This partnership aims to create a joint solution for the industrial frying market. Following a successful test in May 2024 demonstrating Beyond Oil's product performance, the companies plan to design and market an integrated frying filtration system.

The collaboration focuses on combining Beyond Oil's innovative technology with the manufacturer’s systems, providing a safer and more sustainable frying solution. The joint development program aims for widespread adoption in industrial frying plants globally, enhancing food safety, health, and sustainability.

CEO Jonathan Or expressed confidence in the partnership’s ability to improve oil quality, health benefits, and sustainability. The global industrial frying market is significant and growing, driven by consumer demand for fried foods and stringent safety regulations.

Beyond Oil’s technology addresses the health risks posed by reused frying oil, such as cancer and cardiovascular diseases, by continuously filtering harmful substances from the oil. This solution offers cost savings and environmental benefits by extending the oil’s lifespan and reducing waste.