Oman invests in top US biopolymers firm

Oman Expands Global Investments with Stake in US-Based Biopolymer Innovator

Muscat: The Oman Investment Authority (OIA) has announced its strategic investment in Tidal Vision, a leading US-based biopolymer technology specialist, further cementing its commitment to investing in cutting-edge technologies.

Tidal Vision successfully raised over $140 million from several strategic investors during its Series B funding round, which includes investment. OIA’s goal of supporting cutting-edge, environmentally friendly solutions and bringing cutting-edge technologies to the Omani market is in line with its involvement in this project.

Leading Biopolymer Technology for Sustainability

Founded in 2014, Tidal Vision is a leader in transforming renewable natural resources into environmentally beneficial products. The company is renowned for its pioneering work with chitosan, a biodegradable and non-toxic biopolymer derived from the shells of crustaceans like shrimp and crabs. Using zero-waste extraction technology, Tidal Vision has successfully industrialized large-scale chitosan manufacturing, offering better, more cost-effective alternatives to traditional ones.

Tidal Vision’s dedication to sustainability is a key component of its goal; it greatly minimizes waste and encourages a circular economy by repurposing fishing industry waste.

Wide-Ranging Applications of Chitosan
Biopolymers based on chitosan have a wide range of uses in various industries, especially in pollution prevention and environmental sustainability. The substance is frequently utilized in:

Water treatment: An all-natural substitute for substances like activated carbon and aluminum sulfate.
Agriculture: Used to make environmentally friendly fertilizers, biopesticides, and seed coatings.
Textiles: Improves the antibacterial qualities and durability of fabrics.
High-salinity water, a significant byproduct of oil extraction, is treated with assistance from the oil and gas sector. Sustainable water treatment technologies are essential for the business since, on average, nine barrels of saline water are created for every barrel of oil extracted.

OIA’s Commitment to Future-Driven Investments
The Future Generations Fund (FGF) of the Oman Investment Authority is still focused on ecologically conscious and commercially viable projects. In addition to boosting the FGF’s revenue, OIA guarantees long-term, sustainable revenues for present and future generations by funding creative companies like Tidal Vision.

OIA has once again shown its dedication to innovation, economic growth, and environmental sustainability by entering foreign markets and bringing cutting-edge technologies to Oman.