04:34 PM EST, 02/05/2025 (MT Newswires) -- Beyond Oil ( BEOLF ) , on Wednesday it delivered the first order under its master distribution agreement with Latitude, a New York-based importation and logistics company.

The company said it shipped 10.8 tonnes of its frying-oil product in January as part of Latitude's monthly purchase commitment. The full payment for this order has been received.

The partnership includes $8.3 million in minimum purchase commitments for fiscal year 2025, as part of a five-year agreement, the company said.

The collaboration aims to expand Beyond Oil's ( BEOLF ) presence in the United States, using Latitude's sub-distributor network and logistics expertise, the company added.