Related Searches: Tea Vitamin Nutrients Ingredients paper cup packing

Food & Health Ingredients
Health & Nutrition
Processing & Packaging
Starch & Starch Derivatives

MycoTechnology and OIA establish alternative protein venture

nutraceuticalbusinessreview 2022-05-06
Share       
Tag:

Oman Investment Authority (OIA) and MycoTechnology have established a joint venture that will use locally-grown dates to produce mushroom-based protein. The two organisations will collaborate on a production facility in Oman to scale up and commercialise this source of protein, which will be driven by MycoTechnology’s proprietary fermentation platform. 

The partnership is in line with ‘Oman Vision 2040’, an initiative designed to attract modern technologies to the country. It links OIA’s local knowledge and public sector relationships with MycoTechnology’s technology platform. 

Oman is one of the world’s top 10 producers of dates, growing about 400 thousand tonnes per year, however more than half goes to waste or animal feed. The joint venture is planned to upcycle a significant portion of these excess dates, reportedly using the natural sugar present in the fruit as a source of carbon to fuel the production of mushroom-based protein. 

Construction of the facility is planned to start in the first half of 2023 on a 10-hectare site. Commercial production is scheduled for the second quarter of 2025, with up to 16,000 tonnes of dates to be processed each year. 

Alan Hahn, MycoTechnology CEO, said: “MycoTechnology is excited to be co-operating with Oman Investment Authority to build this highly innovative food oasis in the desert. It represents a breakthrough in the quest to bring food security to Oman and the wider region. This initiative will be transformative – and not just for the Middle East. We are foraging for the future, unlocking the ancient power of culinary mushrooms to feed the world’s growing population with a solution that’s been beneath our feet all along.”

Ibrahim Al Eisri, Director of Private Equity at OIA, said: “In our international investments at OIA, we target localising advanced modern technologies. Our partnership with MycoTechnology will deliver substantial local benefits as we pioneer the proteins of tomorrow. It will support our mission to enhance food security, diversify the Omani economy, and create well-paying jobs in an eco-friendly new sector. This joint venture will be the foundation that enables Oman to foster a new generation of talent in the sphere of food technology, here and further afield.”

E-newsletter

Subscribe to our e-newsletter for the latest food ingredients news and trends.

Tags

Recommended Products

Piperaquine Phosphate

Piperaquine Phosphate

Antarctic krill meal

Antarctic krill meal

MONOPOTASSIUM  PHOSPHATE

MONOPOTASSIUM PHOSPHATE

Yi-Jun-Xian 263 probiotic capsules

Yi-Jun-Xian 263 probiotic capsules

Wooden Sterols

Wooden Sterols

GM-020 probiotic capsules

GM-020 probiotic capsules

OB360A PAPER/PLASTIC BANDING MACHINE

OB360A PAPER/PLASTIC BANDING MACHINE

Potato starch processing line

Potato starch processing line

Circumrotation Brush Filter (GLC)

Circumrotation Brush Filter (GLC)

Top

SJGLE B2B Website : 中文版 | ChineseCustomer Service: 86-400 610 1188-3 ( Mon-Fri 9: 00-18: 00 BJT)

About Us|Contact Us|Privacy Policy|Intellectual Property Statement

Copyright 2006-2023 Shanghai Sinoexpo Informa Markets International Exhibition Co Ltd (All Rights Reserved). ICP 05034851-121