Muscat – The Oman Investment Authority (OIA) has made a significant investment in Tidal Vision, a leading US-based biopolymers company, as part of its strategy to invest in advanced technologies. This investment was made during Tidal Vision’s Series B funding round, where the company raised over $140 million from various strategic investors.
The OIA’s investment aims to bring innovative, sustainable solutions to Oman, enhancing the local market’s ability to meet environmental and technological needs. Tidal Vision, founded in 2014, focuses on transforming renewable natural resources into eco-friendly biopolymers. One of its key products is chitosan, a natural, biodegradable material derived from crustacean shells like shrimp and crabs.
Tidal Vision has pioneered large-scale chitosan production through a zero-waste extraction process. This method offers a higher-quality, lower-cost alternative to traditional biopolymer options. The company is dedicated to sustainability by repurposing byproducts from the fishing industry, minimizing waste, and contributing to the circular economy.
Chitosan has various applications, particularly in addressing environmental challenges. It is widely used in water treatment, agriculture, and textiles, providing a natural alternative to harmful chemicals. In the oil and gas industry, chitosan helps treat high-salinity water, a major issue in industrial operations. The material also holds promise in agriculture, where it can be used for seed coating and as a bio-pesticide.
Through this investment, the OIA continues its commitment to supporting innovative, environmentally friendly technologies through its Future Generations Fund (FGF). The OIA aims to bring advanced solutions to Oman, ensuring long-term economic and environmental sustainability.
