Joint venture will use locally grown dates from Oman to produce high-quality mushroom-based protein
Oman Investment Authority (OIA) and MycoTechnology, Inc. have established a joint venture that will use locally-grown dates to produce high-quality mushroom-based protein. The two parties will collaborate on building a state-of-the-art production facility in Oman to scale up and commercialize this novel source of nutritious, sustainable protein. It represents the next generation of protein applications driven by MycoTechnology’s proprietary fermentation platform, which harnesses mushroom mycelia to create transformative ingredients.
The strategic partnership between OIA and MycoTechnology is in line with Oman Vision 2040, which aims to attract modern technologies to the country. It links OIA’s local knowledge and public sector relationships with MycoTechnology’s protein generation technology. It aspires to transform the food supply landscape in the region and reflects OIA’s commitment to achieving a sustainable future by increasing local food production.