Opus is pleased to have advised Accsys Technologies on its fundraise to construct its first-of-a-kind Tricoya wood chip manufacturing plant.

The funding round was led by the Business Growth Fund, alongside investment from Henderson Volantis, BP and Medite. The round was structured as a combination of a subscription for listed equity in Accsys Technologies PLC and investment into a new subsidiary SPV that owns the Tricoya plant.

London-headquartered Accsys develops and manufactures modified wood products, whereby softwood is transformed into a strong, rot-proof, and durable material that rivals tropical hardwood and is used by construction and timber companies around the world. The new site in Hull will be the world’s first plant to produce acetylated wood chips for use in specialised MDF panels.