TIDMAXS
Accsys Technologies PLC
05 November 2020
World-first Tricoya(R) plant construction milestone: 9-storey
acetylation tower ascends to full height
5 November 2020
Accsys (AXS), 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(R) 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(R) 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(R) 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(R) (www.accoya.com)
acetylated solid wood at its facility in Arnhem, the Netherlands,
and produces Tricoya(R) elements by processing Accoya(R). 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 200,000m(3) per annum
production capacity by 2025 (FY2020: 60,000m(3) p.a.), including
the expansion of the Arnhem facility and plans for new plants in
the USA and Malaysia.
Ends
www.accsysplc.com
For more information:
Press contact: Investor Contact:
FTI Consulting Sarah Ogilvie
+44 (0) 20 3727 1340 Head of Investor Relations
fti_accsys@fticonsulting.com Accsys Technologies PLC
ir@accsysplc.com
----------------------------
Notes to editors, and ABOUT accsys:
-- Accsys creates sustainable, high-quality modified wood
products with enhanced properties: stable, durable and bio-cycle
friendly.
-- Tricoya(R) wood chips are used by our customers to make panel
products (e.g. MDF) that unlock new design and construction
potential: they can be used with confidence even in wet
environments without significant swelling, shrinking or
degradation.
-- Construction of world's first Tricoya(R) wood chip
acetylation plant in Hull, UK expected to be completed by in the
first quarter of the 2021 calendar year, with commissioning to
follow thereafter.
Accsys (Accsys Technologies PLC) is a fast-growing business with
a purpose: changing wood to change the world. The company combines
chemistry, technology and ingenuity to make high performance wood
products that are extremely durable and stable, opening new
opportunities for the built environment and giving the world a
choice to build sustainably.
Accsys transforms fast-growing, certified sustainable wood into
building materials with characteristics that match or better those
of man-made, intensely resource-depleting and heavily
carbon-polluting alternatives.
The company's primary focus is on the production of Accoya(R)
wood and Tricoya(R) wood elements, as well as technology licensing
via its subsidiaries Titan Wood Limited and Tricoya Technologies
Limited. Accsys has its head office in London, UK, production
operations in Arnhem, the Netherlands, an American office in
Dallas, Texas, and is constructing the world's first Tricoya(R)
plant in Hull, UK.
Accsys is committed to a more sustainable world, and uses
abundantly available wood sources that are certified as
sustainable. With our business model already aligned with several
UN Sustainable Development Goals, Accsys is currently working on
further developing its sustainability and ESG strategy.
Any references in this announcement to agreements with Accsys
shall mean agreements with either Accsys or its subsidiary entities
unless otherwise specified. Accsys Technologies PLC is listed on
the London Stock Exchange AIM market and on Euronext Amsterdam,
under the symbols 'AXS'.
More information about Accsys can be found at
www.accsysplc.com
Accoya (R) wood is a sustainable, durable and stable solid wood
product with exceptional performance, finish and sustainability.
Accsys' proprietary acetylation process makes the wood more
dimensionally stable and, because it is no longer easily
digestible, extremely durable. Produced from certified (e.g. FSC(R)
) sustainable sources, Accoya(R) wood has many environmental
credentials and ecolabels, and is one of very few building
materials to be Cradle to Cradle Certified(TM) at the Gold level,
with a Platinum rating for Material Health, confirming that no
harmful or toxic additives or chemicals are present to leach out
into the environment.
With an up to 50 year warranty and 70+ year service life, the
combination of sustainability, dimensional stability, durability
and retained strength means that Accoya(R) wood offers a wealth of
new opportunities to architects, designers, specifiers,
manufacturers and homeowners. These benefits result in lower
maintenance and total cost of ownership while also offering
significant sustainability benefits. For more information about
Accoya(R) wood, visit www.accoya.com .
Wood acetylation is a process which increases the naturally
occurring acetyl content of wood, thereby changing its physical
properties. When carried out to a sufficient degree throughout the
wood, as with Accsys' proprietary process, it significantly reduces
the ability of the wood to absorb water without adding any toxic or
harmful compounds, elements or substances to the finished product.
This makes it much more dimensionally stable and, because it is no
longer easily digestible to most organisms, extremely durable.
'Accsys' and 'Accsys Technologies' are trading names of Titan
Wood Limited ("TWL"), a wholly-owned subsidiary of Accsys
Technologies PLC. Accoya(R), Tricoya(R) and the Trimarque Device
are registered trademarks owned by TWL, and may not be used or
reproduced without written permission from TWL, or in the case of
the Tricoya(R) registered trademark, from Tricoya Technologies
Limited, a subsidiary of TWL with exclusive rights to exploit the
Tricoya(R) brand.
Accsys Technologies PLC
Brettenham House,
2-19 Lancaster Place,
London WC2E 7EN,
United Kingdom +44 (0) 207 421 4300
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