Israeli Food-Tech Company Beyond Oil Expands to 14 US Supermarkets with Used Oil Renewal Technology

The Israeli food-tech company Beyond Oil, which developed a technology to renew used frying oil, will implement its solution in 14 supermarket branches across the United States. This expansion is expected to generate annual revenues exceeding half a million dollars. Beyond Oil's innovation comes amid growing competition in the food retail sector, where chains are diversifying their offerings.

In related retail news, the beauty brand Sephora Collection has launched in Israel, while the competition for direct flights to New York is intensifying as Israir receives approval to begin flights to the US.

Separately, Toys R Us is investing approximately 2 million shekels in a concept store in Ra'anana, its seventh out of 20 planned stores, incorporating scanning technologies and interactive experiences to attract customers amid rising competition from stock complexes and food chains selling toys.

In financial education, Bank Hapoalim will open "Hapoalim Junior City" at Tel Aviv Port, a free activity center for children aged 5 to 13, promoting smart consumer habits and financial literacy. The center will operate from August 18 to 27.

In corporate appointments, Itai Vaknin will become CEO of Aviv Group starting January, with current CEO Daphna Harlev transitioning to co-chair alongside Doron Aviv. Additionally, Professor Yaad Rotem was appointed dean of the Faculty of Law at the Academic Center for Law and Business, where he has served for 20 years.

Finally, the Ministry of Construction and Housing is suing the state-owned company Halamish and Tel Aviv Municipality for 50.8 million shekels, alleging failure to transfer collected payments.