ArcAroma announced to signs the first agreement in Portugal with olive oil producer Fio Dourado for the delivery and installation of two oliveCEPT units. The installation is expected to provide a surplus of minimum 50 000 kilos of Extra Virgin Olive Oil by the end of the production season. According to the agreement, ArcAroma will get all the commercial benefit out of the extra olive oil produced this year at an agreed price of 2 EUR per kilo, which will be reported as revenue in First Quarter 2021. Operations will begin in the second half of October. This is the first reference installation for ArcAroma on the Portuguese market and it is the first large scale industrial application where oliveCEPT will handle an extraction capacity demand of up to 12 000 kilos per hour. The Fio Dourado mill has three large production lines of advanced olive oil extraction technology and the oliveCEPT® twin system will be integrated into one of them.