Beyond Oil Ltd ( (TSE:BOIL) ) just unveiled an update.
Beyond Oil Ltd. has successfully initiated its first order under a new distribution agreement targeting the Indian market, receiving full payment for an initial 6-tonne shipment to Deep Frying Solutions Pvt Ltd. This marks a significant step in Beyond Oil’s expansion into India, with the agreement expected to generate approximately $9.58 million USD over five years, reinforcing the company’s confidence in the long-term growth potential of this partnership.
More about Beyond Oil Ltd
Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried food, enhancing sustainability, and lowering operational costs for food service companies. Their patented technology, approved by the FDA and Health Canada, reduces harmful compounds in frying oil, addressing health concerns linked to reused oil in various food service settings.
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