In a significant step towards its global expansion strategy, Beyond Oil Ltd. (CSE: BOIL) (OTCQB: BEOLF) (Frankfurt: UH9), a food-tech innovator focused on improving frying oil sustainability and safety, has secured a distribution agreement with Fármacy México. This move marks the company’s first entry into Latin America, a region with a growing food service industry and substantial demand for healthier, cost-effective solutions for frying operations.
The distribution agreement grants Fármacy México non-exclusive rights to sell Beyond Oil’s innovative oil filtration product across Mexico. The partnership signals Beyond Oil’s commitment to expanding its reach into new international markets, following similar deals in the U.S. and Asia. Fármacy México, a well-regarded distributor in food, industrial, and pharmaceutical sectors, placed its first order, and the initial shipment has already been dispatched. The company anticipates that customer sales will commence soon.
Leo Kan, CEO of Fármacy México, praised the collaboration, saying, “The Beyond Oil product completely fits within our vision of improving food quality for consumers in the Mexican market. We are very excited to be commencing on this journey with Jonathan Or and the whole Beyond Oil team in Mexico.”
This entry into the Mexican market is the latest milestone in Beyond Oil’s aggressive international growth plan. The company’s unique oil filtration powder can significantly reduce the amount of frying oil used in commercial kitchens by extending its lifespan, improving food quality, and lowering health risks associated with fried food. With sustainability becoming a critical concern for the food service industry, Beyond Oil’s solution addresses both environmental and financial challenges faced by operators.
Building Momentum Across Key Markets
Beyond Oil’s progress in Latin America follows recent advancements in other key markets, including the United States and Asia. In December 2024, the company announced its first sales and pilot programs in the U.S., appointing industry veteran Jason Hatfield as Director of U.S. Sales. Hatfield’s extensive experience in oil management and food service solutions has already led to three pilot programs with notable U.S. customers, including a regional multi-unit restaurant group, a nationally recognized full-service restaurant group, and a leading American university.
“Expanding into the U.S. market is a pivotal step in our mission to revolutionize the food service industry with sustainable and cost-effective solutions,” said Jonathan Or, CEO of Beyond Oil, at the time. “Under Jason’s leadership, we are already seeing meaningful progress, including initial pilots with key customers.”
The U.S. food service market, valued at over $820 billion in 2024, offers significant opportunities for Beyond Oil. With FDA clearance and certifications from HACCP, FSSC 22000, ISO 9001, Kosher, and Halal standards, the company is well-positioned to meet the needs of American operators seeking both cost savings and sustainability improvements.
In November 2024, Beyond Oil achieved another milestone by entering the Asian market through a purchase order from Hap Chan, a leading restaurant chain in the Philippines with over 100 locations. Hap Chan placed an order for more than 10,000 daily-use units of Beyond Oil’s filtration powder following a successful pilot program. The adoption of the product across Hap Chan’s kitchens highlights the growing demand for solutions that enhance oil usage efficiency and food safety.
Daniel Lazar, CEO of Hap Chan, remarked, “After extensive testing, Hap Chan locations are adopting Beyond Oil’s advanced filtration powder, which specializes in improving oil usage efficiency and quality—a significant step toward enhanced health standards and sustainability within Hap Chan kitchens.”
A Strategic Vision for Global Growth
Beyond Oil’s recent successes are a testament to its strategic vision of becoming a leading provider of sustainable solutions for the global food service industry. The company’s technology not only helps reduce operational costs for restaurants but also aligns with the broader industry trends toward healthier and more sustainable food preparation practices.
Jonathan Or emphasized the company’s commitment to accelerating its market penetration strategy: “Our global market penetration strategy is producing significant results, and Beyond Oil remains strongly committed to accelerating the pace and geographic scope of our expansion. We are glad to welcome Leo Kan and his team at Fármacy México to the Beyond Oil family as an important first step into this growing market.”
Beyond Oil’s innovative approach to oil filtration could play a critical role in addressing the food industry’s pressing need for more sustainable practices. With the rising costs of frying oil and increasing consumer demand for healthier food options, the company’s solution offers a unique value proposition that resonates across diverse markets.
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This article is for informational purposes only and is not intended to serve as financial, investment or any form of professional advice, recommendation or endorsement. The article was written and distributed by Wall Street Wire on behalf of Beyond Oil Ltd, which it was compensated by for coverage and distribution of its news and developments, among other things. Readers are encouraged to read the full disclaimers and disclosures document that the article is subject to. This article may include forward looking statements which cannot be guaranteed as discussed in the above-linked disclaimers.