Future Plans
Like any ambitious, growth oriented company, Frylite has its eyes firmly focused on the future and a number of new market opportunities are currently under investigation. These include:
Olive oil
Launching a new range of Olive and Speciality oils.
At present research is being conducted to investigate demand levels and interest in these new oils. Increasing interest in such new oils is being driven by changes in the Irish palette and eating habits, increasing health concerns as well as the emergence of an increasing number of fine dining restaurants. Many of these changes have been largely fuelled by Ireland’s economic growth and prosperity and consumer demand for a more exciting and interesting dining experience.
To meet this changing demand, Frylite plan to launch its own olive oil range on to the catering market. To cater for both markets it will launch a premium Extra Virgin range and a more mid to economy Pomace olive oil for the more price conscious customer. Further research in to alternative industries will also be carried to ascertain demand levels and interest in speciality oils.
Bio diesel
Developing a Bio diesel Plant.
At present Frylite, in conjunction with Queens University in Belfast are conducting a major research project into converting it’s Used Cooking Oil stocks, which are collected from thousands customers throughout Ireland into bio diesel.
At this point in time plans are at an embryonic stage however later this year Frylite plan to launch the project by initially running a smaller scale pilot project under which it’s current thirty strong vehicle fleet (Vans and lorries) will run on bio diesel produced from Used cooking oil stocks. It is expected that the vehicle fleet will run on the standard 95% diesel 5% bio diesel blend. Frylite are very excited about the future and are confident that positive results from the research and initial trials could result in an investment of £1.2 million to build a new bio diesel plant adjacent to its Group Head office in Strabane. When fully completed such a plant will have the operating capacity to produce over six million litres of raw bio diesel per annum.
Bio diesel although in its infancy here has been used successfully as a major fuel source in mainland Europe for decades. With depleting oil reserves and increasing concerns regarding the environment it is clear that we are going to have to find alternative sources of energy supply in the future. The environmental case for bio diesel is strong and Frylite are confident that it will emerge as one of the key fuel sources of the future. This is due to the various benefits it offers users which are:
- It’s a clean, green, renewable form of fuel which is less polluting to the environment and it emits lower levels of C02 and S0x which contribute to Global warming.
- It reduces our dependency on existing fossil fuels which are being burned up at an alarming rate.
- It’s is finding a beneficial alternative use for what is currently considered a “waste product” ie UCO.
- Current government tax concessions in terms of lower duty levels means that it is less expensive than other fuel variants.
- It has the support of the major vehicle manufacturers and can be used in existing cars without modification.
- Tests have shown that it provides enhanced lubrication and improves fuel efficiency.