INEOS, Accsys develop commercialise Tricoya technology

INEOS, Accsys to develop and commercialise Tricoya technology

4:54 AM, 9th October 2012
INEOS, Accsys to develop and commercialise Tricoya technology
Peter Williams, CEO, INEOS Technologies.

ROLLE, SWITZERLAND: INEOS Technologies and Accsys Technologies have formed a 50:50 joint venture to further develop and commercialise Tricoya technology on a worldwide basis. The new business will trade under the name of Tricoya Technologies Ltd. Accsys will grant the joint venture exclusive global rights to its proprietary acetylation technology for the production and licensing of Tricoya for use within medium density fibreboard (MDF), particle board and wood plastic composites.

INEOS Technologies will bring significant resources, including its process technology, licensing expertise and global reach to commercialise the Tricoya process across the worldwide panel products market - currently estimated to be worth more than €60 billion annually.

All future licensing agreements for Tricoya wood elements will now be carried out by the new Tricoya joint venture. Earnings generated by the new JV will be split to reflect the relative interests and contributions of the two parties. INEOS Industries Holdings Limited has subscribed for new shares in Accsys and received a warrant instrument allowing the opportunity to purchase further shares at certain times during the course of the next four years.

“We are delighted to have joined Accsys in this new field. The outstanding durability and stability of Tricoya offers the building industry valuable new options for the application of high-performance, cost-competitive, and more sustainable, wood based materials. Our skills complement those of our partner, and together we will realise important synergies for the new company. We are looking forward to the joint venture accelerating the commercialisation of this new materials technology around the world,” said Peter Williams, CEO, INEOS Technologies.

© WOC News 

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


PPG special-effect coatings bring life to Virgin Atlantic aircrafts

SHILDON, UNITED KINGDOM: Special-effect coatings by PPG Industries’ aerospace coatings group enabled Virgin Atlantic Airways to have the unique ...

Read more
Dr Reddy’s CPS business expands manufacturing in Mirfield, UK

MUMBAI, INDIA: The Custom Pharmaceutical Services (CPS) business of Dr Reddy’s Laboratories Ltd has expanded in the areas of activated mPEG manu ...

Read more
BASF strengthens competitiveness of construction chemicals in Europe

LUDWIGSHAFEN, GERMANY: BASF is strengthening the competitiveness of its construction chemicals division in Europe. Measures include adjusting the busi ...

Read more
BASF, SGL to develop reactive polyamide-carbon fibre composites

LUDWIGSHAFEN/WIESBADEN, GERMANY: BASF and the SGL Group will jointly develop a composite material based on a reactive polyamide system and suitable ca ...

Read more
Stamicarbon to supply high-pressure equipment for SFP in Bangladesh

SITTARD, THE NETHERLANDS: Stamicarbon, the Licensing and IP Centre of Maire Tecnimont SpA, has signed a contract with China Chengda Engineering Compan ...

Read more
Arkema, CJ hold ground breaking ceremony for Malaysia project

COLOMBES, FRANCE: On October 6th 2012, Arkema and CJ CheilJedang broke ground for their project in Kerteh, in Terengganu state, Malaysia. Af ...

Read more