Accsys Technologies is a chemical technology company focused on the development and commercialisation of a range of transformational technologies based on the acetylation of solid wood and wood elements for use as high-performance, environmentally sustainable construction materials.

Demand for Accoya and Tricoya is still strong and the company’s focus remains on expanding capacity. The fourth reactor in Arnhem will increase local capacity to up to 80k m³, with estimated revenues of €195m by CY24. The Accoya plant in the US is now expected to be operational by mid-2024 (July/August) and can produce up to 43k m³, with estimated revenues of €105m by CY27 (this 60%/40% joint venture is equity accounted). We assume the Tricoya project will be continued, although most likely not operational before mid-2024 (capacity of up to 40k m³).