Laura Ladd

Accsys (www.accsysplc.com), the fast-growing company that combines chemistry and technology to create high performance, sustainable wood building products, has reached a new milestone in the construction of its 30,000 tonne per annum Tricoya® acetylated wood chip facility in Hull, UK.

The final, top three levels of the acetylation tower were successfully lifted into place in October 2020 as the construction of the plant progresses towards planned completion in Q1 2021, with commissioning to follow thereafter. Weighing in at approximately 60 tonnes, the structure and equipment assembly of levels 7, 8 and 9 were placed onto the tower’s sixth level and secured, bringing the tower up to its full height of 56 metres (185 feet).

Rob Harris, Chief Executive Officer of Accsys, said:

“The execution of this stage of construction marks a significant step forward for the plant, and I want to thank everyone involved. Our Tricoya team has worked hard with our construction partners throughout the coronavirus pandemic to ensure the safety of workers whilst maintaining progress on the site.”

Panels made from Tricoya® wood chips (www.tricoya.com) by Accsys’ customers have unique properties and advantages: they can be used in situations and environments that are completely unsuitable for traditional wood panels, opening new design and construction possibilities. The enhanced durability and long life of Tricoya® panels also reduces the lifetime environmental footprint, storing the carbon for longer and avoiding the need for and resource costs embedded in frequent replacement. They are virtually immune to swelling, shrinking, warping or deterioration from water, and have a 50 year warranty for use above ground.

Accsys currently manufactures Accoya® (www.accoya.com) acetylated solid wood at its facility in Arnhem, the Netherlands, and produces Tricoya® elements by processing Accoya®.  The Hull plant will add the equivalent of over 60% of Accsys’ current total production capacity, as well as marking the company’s progress into a multi-site production operation. It forms a part of the business’ ambitious growth strategy that is targeting 200,000m³ per annum production capacity by 2025 (FY2020: ~60,000m³ p.a.), including the expansion of the Arnhem facility and plans for new plants in the USA and Malaysia.

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People throughout the world are encountering difficult challenges and unprecedented disruption because of the COVID-19 pandemic.

People throughout the world are encountering difficult challenges and unprecedented disruption because of the COVID-19 pandemic.

We want to reassure you that the health, safety and wellbeing of you, our colleagues, business associates, friends and families are our top priority at this time.

Measures and working practices are in place to protect our people and associates, and we remain in operation, able to offer our products and support our customers, suppliers and partners.

The pandemic has affected each person and business differently, so please check with your local supplier for product availability.  If you need or would like assistance with this, please contact us.

On March 27th 2020, Accsys also released a trading update RNS in light of COVID-19.

In it, Rob Harris, CEO, said:

“In these incredibly challenging times, we continue to be focussed on ensuring the continued health, safety and well-being of our people. We are all pulling together to manage these extraordinary circumstances in the world and our business.

“The impact of COVID-19 remains uncertain and as a result we are working with our key stakeholders; employees, customers and suppliers, to ensure we minimise the effect of the disruption. Having completed our capital raise in December 2019, our liquidity is strong and the mitigating actions we are putting in place or continue to plan for are focussed on ensuring we maintain our liquidity, cash resources and future growth optionality.

“We will continue to review our future costs and capital allocations in this light, and provide certainty where practicable for our dedicated teams to manage.”

Read the full announcement

Best wishes, and we hope you are staying safe and well,

The Accsys team.

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Accsys, the fast growing and sustainable chemical technology group, recently confirmed that it was exploring opportunities for new manufacturing plants outside Europe. Accsys is pleased to announce that its subsidiary, Tricoya Technologies Limited (“TTL”), has now entered into an agreement with PETRONAS Chemicals Group Berhad (“PCG”) to evaluate the feasibility of jointly funding, designing, building and operating an integrated acetic anhydride and Tricoya^® wood elements production plant (the “Plant”) in Malaysia.

It is envisaged that Tricoya^®wood elements produced at the Plant would use acetic acid from PCG’s existing joint venture in Malaysia.  The Plant would then supply the wood panel industry within South East Asia, under licence, as the key raw material for the formation of Tricoya^® panels for the use in the construction industry in the region.

The evaluation is expected to include preliminary engineering studies, regional customer and market feasibility assessments and financing arrangements.  Under the terms of the agreement, the parties have agreed to carry out the evaluation exclusively for a period of at least 18 months

Paul Clegg, Chief Executive of Accsys, said:

“This is an exciting and important step for Accsys, with the potential to open up new markets for Tricoya in Asia. We are really pleased to be exploring the expansion of our global manufacturing footprint with PCG, a major international chemical company, with such a strong Asian presence.”

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