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Beyond Oil Ltd ( (TSE:BOIL) ) has provided an announcement.
Beyond Oil Ltd. has successfully delivered its first shipment of 5.4 tonnes of oil treatment products to T&J Oil under a five-year distribution agreement, marking a significant step in its strategic expansion into the Australian market. The agreement, which includes a minimum commitment of US$4.9 million, aims to transform the food service industry in Australia with healthier and more sustainable frying solutions, supported by the establishment of a dedicated training center to optimize product usage and educate clients on best practices.
More about Beyond Oil Ltd
Beyond Oil Ltd. is a food-tech innovation company committed to reducing health risks associated with fried food, lowering operational costs, minimizing waste, and enhancing sustainability. With over 15 years of experience, the company provides solutions that improve sustainability and reduce costs for food service companies, with patented technology that reduces harmful compounds in frying oil, addressing global health concerns.
YTD Price Performance: 80.27%
Average Trading Volume: 93,512
Technical Sentiment Consensus Rating: Sell
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