The new company, Tricoya Technologies Limited (‘TTL’), will develop and exploit Accsys’ Tricoya technology for use within MDF, particleboard and wood plastic composites in a worldwide panel products market estimated to be worth more than €60bn annually.
The Tricoya technology gives engineered wood products, such as MDF, a level of durability and dimensional stability that is comparable with or superior to non-wood products, while offering all of the advantages of wood.
INEOS is one of the world’s biggest petrochemical companies. INEOS will contribute not only its significant market reach but also its impressive technology, licensing and intellectual property expertise.
