Business
Beyond Oil Announces Expanded Product Pilot and Testing Program Across Canada
VANCOUVER, BC and KIBBUTZ YIFAT, ISRAEL / ACCESSWIRE / November 15, 2022 / Beyond Oil Ltd....
About this update from Beyond Oil Ltd
[{"type":"text","content":"Beyond Oil Announces Expanded Product Pilot and Testing Program Across CanadaVANCOUVER, BC and KIBBUTZ YIFAT, ISRAEL / ACCESSWIRE / November 15, 2022 / Beyond Oil Ltd. (CSE:BOIL) (\"Beyond Oil\" or the \"Company\"), a food-tech innovation company extending the life of frying oil, reducing costs and waste, is pleased to announce that it is expanding its testing and pilot program with the addition of three restaurant chains in Canada.The Company intends to complete the testing program during this coming month and, subject to anticipated successful results, to begin shipping commercial batches of product to locations across Canada soon after.As previously announced, Beyond Oil's product is currently being used by several restaurants and restaurant franchisees in Israel.During the testing period, Beyond Oil's powder is added to a restaurant's oil filtration process at the end of each day. The free fatty acid (\"FFA\") level of the oil is then tested twice on the following day. So far, test results have shown FFA levels of 0.1% maintained for up to 14 days.Through real time feedback from restaurants, the Company has made some further refinements to the product improving effectiveness, user friendliness and reducing cost. Recent test results suggest a further improvement in the reduction of the percentage of FFAs in the used oil. In addition, the product has been condensed, reducing product volume by 200%. The new condensed formula is easier for customers to use and will double warehousing capacity while reducing overall shipping costs by approximately 50%.\"We are excited by the excellent feedback from frontline personnel who are actively using the product every day and we look forward to the successful completion of the upcoming testing program across Canada,\" said Dr. Tamir Gedo, CEO of Beyond Oil. \"In today's inflationary environment and with the increased costs of frying oil, Beyond Oil's product offers a solution to reduce frying oil costs significantly per year per restaurant outlet. The cost savings combined with a healthier, tastier product for restaurant patrons is a winning combination and we look forward to supplying Beyond Oil's product to the food service industry across Canada.\"Product HighlightsFrying Oils Recovery: Extensive testing indicates that Beyond Oil's product extends the usable life of frying oil, improves...