Looking for funding? Subscribe to news
close icon
Shape

Breaking ground at the world’s first wood chip acetylation plant in Hull

Tricoya Technologies Ltd is delighted to have broken ground for the first phase of construction at the site of the world’s first Tricoya® wood chip acetylation plant at Saltend Chemicals Plant, Hull.

The new plant is being funded, built and operated by a consortium of companies formed in March 2017 including Accsys Technologies, BP Ventures, BP Chemicals, Medite, BGF and Volantis. The plant has also received funding from the Green Port Growth Programme and from the LIFE programme of the EU.

The breaking ground ceremony was attended by representatives from the Tricoya Consortium (Accsys Technologies, BP and Medite), and joined by representatives from Engie Fabricom (main contractor), Hull City Council, South West Holderness Ward and the local team of Tricoya Technologies Ltd.

The plant construction is expected to complete in early 2019, and will provide around 30 permanent jobs and another 130 jobs for the construction period. The local Hull area has received over £3 billion of investment since 2012 creating more than 4000 jobs to date.

Related Articles

August/2019 | London & South East

Appnovation receives £9.3m in equity financing

Appnovation has received £9.3m in equity financing from a joint partnership between the Canadian Business Growth Fund (CBGF) and BGF. …

July/2019 | London & South East

PredictImmune secures £10m funding

PredictImmune, a fast-growth developer of pioneering prognostic tools for immune-mediated diseases, has secured a £10m funding package to accelerate global …

November/2017 | Manufacturing & Engineering

BGF launches largest ever growth capital fund for Irish businesses

BGF will today launch the largest ever growth capital fund dedicated to Irish small and medium-sized companies. BGF, which has …