Cavitation Technologies, Inc. announced the sale of two LPN Nano Reactor™ systems for installation in a soybean oil refinery in India in partnership with their strategic partnerDesmet Ballestra Group. Soy oil is the second most consumed vegetable oil in the world, according to the USDA. This segment currently accounts for a 29.6% share of the global vegetable oils market.

Markets in Asia-Pacific, such as China and India, have greatly expanded soy oil consumption. As they can now afford to purchase more oil, the increasedpurchasing power of Chinese and Indian consumers has contributed to dramatic rises in consumption. The vegetable oils market in Asia-Pacific is forecast to reach 8.1 Million metric tons by the year 2026, with the potential to reach globally 258.4 Million metric tons in the same year.

South Asia'sincreasing demand for quality food oils are better met with CTI's ESG compliant, disruptive technologies, that provide yield improvement, chemical input reduction among other substantial proven benefits to legacy food oil refining systems. Soybean oil's growing popularity is driven by an increase in the use by food processors and foodservice providers for baked and fried food products or for sale as cooking oil in packaged bottles. Soybean oil is now being used by the recently established biodiesel industry in many countries to create environmentally friendly renewable fuel. This is also expected to fuel market expansion over the forecast period.