Tricoya consortium formed

by Laura Ladd on 10 April 2017

In March 2017 Accsys Group announced the entry into and successful completion of a number of agreements to create a consortium pertaining to the financing, construction and operation of the Hull Plant, the world’s first dedicated Tricoya® wood chip manufacturing plant and sales facility, in Saltend Chemical Park in Hull, UK.

Key partners of the Tricoya consortium include BP and Medite. The plant will produce Tricoya Wood Elements using Accsys’ proprietary technology for the acetylation of wood chips.

These acetylated elements are used to manufacture the high performance MDF panels. The panels exhibit outstanding durability and dimensional stability which allow them to be used in exterior and wet area applications once limited to products such as concrete, plastics or metals. With the added benefits of light weight, sustainable raw materials and a guarantee of up to 50 years above ground and 25 years in ground, these revolutionary panels provide architects, specifiers and designers with an entirely new construction material, allowing great design flexibility and endless opportunities for creativity.

MEDITE TRICOYA EXTREME was launched in 2012 and demand has outstripped supply consistently since that time.  Under the Tricoya® Project arrangements, Medite has agreed an off-take agreement under which up to 40% of the Hull Plant design capacity (30,000 tonnes per annum), is to be sold or paid for by Medite.

Two years in the planning, the €68 million venture will see the construction of a new factory adjacent to BP’s existing acetyls facility. Anticipating an accelerating demand, the consortium envisages constructing the plant in such a way that further capacity can be added to the site as required.

Pre-construction engineering and design work for the Hull plant was finished in 2016 and the construction is expected to be completed by early 2019.

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Laura LaddTricoya consortium formed