Oman Investment Authority (OIA) and MycoTechnology, Inc. have established a groundbreaking 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 innovation driven by MycoTechnology’s proprietary fermentation platform, which harnesses mushroom mycelia to create transformative ingredients.

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 new joint venture is expected to upcycle a significant portion of these excess dates, using the natural sugar present in the fruit as a source of carbon to fuel the production of mushroom-based protein.

Construction of the new facility is due to start in the first half of 2023 on a 10-hectare site. Commercial production is scheduled to begin by the second quarter of 2025, with up to 16,000 tonnes of dates to be processed each year. Once operational, the partners intend for the new facility to evolve into the Middle East’s leading innovation hub for food technology.

MycoTechnology's product portfolio includes ClearIQ™ flavor, a line of transformative mushroom-derived flavor modulation tools that decrease the perception of bitter and off-notes, enabling the formulation of products with higher nutrient density, and reduced salt and sugar across a broad spectrum of applications.

MycoTechnology also offers FermentIQ™ protein, a line of plant protein products produced via a proprietary fermentation process that harnesses the power of mushroom mycelia to make plant proteins that are more functional, easier to digest, and more delicious.

Visit myco-technology.prezly.com/