Beyond Oil Ltd. is an Israeli food-tech innovator focused on improving fried food health and reducing operational costs, waste, and environmental impact. The company closed its non-brokered private placement issuing 1,345,697 shares on the Canadian Securities Exchange at a price of C$1.50 per Share, for gross proceeds of C$2,018,551.83 ($1,486,000).
You probably didn’t know that the same oil is reused by restaurants day after day for all deep frying. The more the same oil is used to more dangerous it is for your health. It makes the oil carcinogenic and filled with harmful trans fats. So, Beyond Oil offers a powder to place in the oil every day that filters it, extending oil lifespan and preserving the oil’s quality and nutritional value.
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Founded in 2018 and based 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.
Beyond Oil operates through the following geographical segments: Israel, the United States, and the United Kingdom. The company was founded by Jonathan Or on March 9, 2012 and is headquartered in North Vancouver, Canada.
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.
“We are pleased to have closed a financing at a significant premium to the recent financing that closed less than three months ago, and again, with investments from customers, our distributor in Israel and Company employees and their families,” said Jonathan Or, CEO of Beyond Oil. “It is a great testament to our product when customers directly invest in the company and we are pleased to be creating value for all of our loyal investors.”
