BP, and Accsys Technologies through its subsidiary Tricoya Technologies Limited (TTL) and Medite have announced the creation of a consortium, Tricoya Ventures UK Limited (TVUK). BP, through its petrochemicals and venturing businesses will invest over $25 million in TTL and TVUK over a two year period.



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This new company will build and operate the world’s first Tricoya® wood elements acetylation plant, with a focus on providing Tricoya acetylated wood into the European market. The new plant will be located on the Saltend Chemicals Park, and the deal is announced as BP celebrates 50 years of operations in Hull.

“The creation of this new consortium provides an exciting new platform for growth for our BP Hull facility", said Nigel Dunn, VP, BP global acetyls. "The co-location of the Tricoya Ventures UK plant with our acetic acid facility creates natural synergies and the foundation for a great partnership. BP has a long history in Hull and we are proud to be able to find new opportunities to support economic growth and diversity in the region."

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