Jonathan Or CEO Beyond Oil (from website)
Beyond Oil Ltd. is an Israeli food-tech innovator focused on improving fried food health and reducing operational costs, waste, and environmental impact. The firm has entered into a Letter of Intent with a global leader in industrial frying equipment.
The two companies agreed to design and build state-of-the-art industrial frying filtration solutions that integrate Beyond Oil’s breakthrough technology with the renowned systems of the Industrial Manufacturer (the “Joint Filtration System”). They will also market and provide the Joint Filtration System to both companies’ extensive network of existing and prospective customers in many countries of the world.
Founded in 2018 and base at Kibbutz Yifat, Israel, Beyond Oil is a Food Tech company that provides a “disruptive solution” to the global vegetable oil industry. The firm boasts that its patented solutions enable reducing free fatty acids to less than 0.1%, which may double the worldwide production of high-quality premium oils, extend oil shelf-life and increase Industry revenues. Beyond Oil says its products extend the usable life of frying oil, improves food quality, and reduces frying oil costs.
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The global industrial frying market is a substantial and expanding sector, generating billions in revenue. North America’s frozen French fries market alone is projected to grow from $6.8 billion in 2022 to $8.1 billion by 2028, a 3.1% annual growth rate. Driven by strong consumer demand, product innovation, and stringent safety regulations, the broader industrial frying system market is also poised for growth, with a projected 5.7% expansion by 2030.
Jonathan Or, CEO of Beyond Oil, said, “Beyond Oil is pleased to be working with one of the most sophisticated and widely respected manufacturers of industrial filtration systems in the world. We are so pleased to be working with them to produce high-tech solutions as we continue towards commercialization into the large global industrial frying market. Together, we are confident in our ability to establish a system that will benefit industrial frying companies for any type of frying, helping to ensure that the oil is at the quality level that they want and need, while also providing health benefits, safety improvements in their factories and positive outcomes for their ambitious sustainability programs.”
