Beyond Oil strengthens global reach with Latitude partnership in Ukraine

TAGS

Beyond Oil Ltd., a food-tech innovation company specializing in frying oil management, has expanded its Master Distribution Agreement with Latitude Ltd., extending its presence into . This strategic expansion builds upon Beyond Oil’s existing partnership with Latitude, which has already demonstrated substantial market demand in the . Under the newly signed agreement, Latitude has committed to minimum purchase orders totaling $4.536 million over five years, alongside an annual licensing fee that will come into effect in the second year.

This agreement not only reinforces Beyond Oil’s footprint in Eastern Europe but also aligns with its long-term vision of making food preparation healthier and more sustainable. With an increasing global focus on reducing harmful compounds in frying oil, Beyond Oil’s technology has positioned itself as a transformative solution for commercial kitchens, food manufacturing plants, and institutional food service providers.

Why Is Beyond Oil’s Frying Oil Technology Gaining Global Traction?

Beyond Oil Ltd. has been at the forefront of food-tech innovation for over 15 years, developing proprietary solutions that address critical health risks associated with reused frying oil. The company’s patented technology, backed by regulatory clearances from the FDA and Health Canada, has been designed to significantly reduce toxic compounds that accumulate in oil during prolonged use. These compounds have been linked to severe health concerns, including carcinogenic effects and cardiovascular diseases.

See also  CCAvenue strengthens network with Bassein Catholic Co-op Bank collaboration

The widespread practice of reusing frying oil over multiple days is common across restaurants, hotels, catering services, food production facilities, and institutional kitchens such as military bases and educational institutions. Beyond Oil’s solution not only minimizes these health risks but also enhances food quality, extends oil lifespan, and leads to significant operational cost reductions. This makes it an attractive option for food service providers seeking a balance between profitability and sustainability.

What Are the Key Financial Commitments in the Ukraine Expansion Deal?

Under the revised Master Distribution Agreement, signed on February 16, 2025, Latitude Ltd. has agreed to minimum purchase commitments starting at $302,400 in 2025, gradually increasing to $1.512 million by 2029. In addition to these purchase obligations, the agreement includes an annual license fee of $100,000, which Latitude may be eligible to rebate if it meets the agreed purchase targets.

The contract structure ensures that Beyond Oil secures predictable revenue streams while Latitude benefits from an extended exclusivity period in the Ukrainian market. The agreement allows for renewal in five-year increments, contingent on renegotiations based on market conditions and business performance. This long-term commitment reflects strong confidence in Beyond Oil’s product and its ability to meet the needs of food service providers in Eastern Europe’s growing market.

See also  New Zealand dairy giant Fonterra to divest China farms for $368m

How Does Beyond Oil’s Expansion Strategy Compare to Its Other Global Moves?

Beyond Oil’s entry into Ukraine follows its first shipment to in , marking another major step in its international expansion strategy. The Australian deal, announced in January 2025, involves a five-year distribution agreement with minimum purchase commitments totaling $4.9 million.

The first shipment, consisting of 5.4 tonnes of Beyond Oil’s proprietary frying oil treatment solution, was successfully delivered in February 2025. As part of this collaboration, Beyond Oil is supporting T&J Oil in establishing a training center in Australia, dedicated to educating regional clients on optimizing oil usage and implementing sustainable frying practices.

Jonathan Or, CEO of Beyond Oil, emphasized that these expansions align with the company’s broader objective of transforming the global food industry. He highlighted that the partnership with Latitude in Ukraine represents an important step toward penetrating high-growth international markets where sustainability, cost-efficiency, and food safety are becoming increasingly critical.

See also  Olam to sell out stake in Far East Agri sugar joint venture to Mitr Phol

What Does This Expansion Mean for the Future of Beyond Oil?

With successful expansions into both Ukraine and Australia, Beyond Oil is cementing its position as a leading provider of sustainable frying oil management solutions worldwide. The company’s ability to secure long-term distribution agreements with substantial minimum purchase commitments reflects strong demand for its innovative technology.

As food safety regulations tighten and public awareness about the health risks of reused frying oil continues to grow, Beyond Oil is poised for further international expansion. The company’s model, which integrates regulatory compliance, cost savings, and environmental sustainability, makes it a highly attractive solution for global food service providers.

With rising adoption in diverse markets and a clear focus on scaling its presence globally, Beyond Oil is well-positioned to continue its trajectory of sustainable growth and industry leadership.


Discover more from Business-News-Today.com

Subscribe to get the latest posts sent to your email.

CATEGORIES
TAGS
Share This