Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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https://www.investorschronicle.co.uk/ideas/2021/12/09/accsys-finally-ready-to-blossom/
Alexandra Jackson mentions Accsys Technologies #AXS at 22m14s in the latest PIWORLD interview
Watch the video here: https://www.piworld.co.uk/education-videos/piworld-interview-with-alexandra-jackson-selecting-winning-stocks/
Or listen to the podcast here: https://piworld.podbean.com/e/piworld-interview-with-alexandra-jackson-selecting-winning-stocks/
âRecently in November we successfully ran our first batch of wood chips through the first stage of the front of plant, as we begin to test and commission parts of the plant once they are completedâ - thatâs from their latest press release. All very exciting, 2022 is a big year for Accsys.
Rumours in Saltend of a couple of wood deliveries to site
Hearing multiple reports in my industry (construction) that demand for accoya is through the roof. Contractors and specialist joiners really adopting the material as their preferred timber for any external joinery. Supply bottlenecks causing a problem, similar to many materials, but unlike other materials there is nothing else on the market that competes with the longevity of accoya. This is only going from strength to strength and looking forward to seeing the numbers on the next report
I think thatâs the only elephant in the room. It could just be a settling down after reporting a good full years results. Ultimately though I only see this going in one direction.
Significant drop over the last few days. Is it due to delays in the commissioning of the plant due to the contrator being sacked. Discuss
There is an advert for Tricoya on the Finsa website. They make it sound irrisistible, and I dont even need any.
I have a hunch that the Tricoya boards will be a much bigger money maker than the accoya elements. I very much hope so. Also hope any licences granted are on the right terms.
Market seems unperturbed by this delay / additional costâŚheading to an all time high today!
That might change once we get the detail on the size of the overrun and the timescale to resolution on Hull right enough!
*Inherited from EFab
A ÂŁ25 Million liability to finish the Hull Tricoya plant just inherited from
No sell available?
That will be the Tricoya plant with Petronas. No formal agreement yet with them sadly but hopefully that will be next once the Eastman US JV gets through financial close.
Hello. This link mentions possible board manufacturing plant in Asia. I wonder if they will export to China.
https://www.omroepgelderland.nl/nieuws/7031713/Dit-Gelderse-bedrijf-maakt-bijzonder-hout-voor-de-hele-wereld
The fact that AXS have ignored completely the China news suggests to me that no matter what happens there itâs not material enough for an RNS.
A look at the annual report also suggests they are not interested in showing this region as a contributor in any way, shape or form.
And while itâs all a bit odd for them to say absolutely nothing about developments that, after all, still involve their licensed product I take comfort from the fact that the rest of the world is proving to be more than lucrative for accoya and tricoya.
Thanks for responding. I didn't think Accsys were going to profit much from China. I hope I have grasped the wrong end of the acetylated stick and AXS has good earnings potential from this area. I have been in this one for a very long time.
CBM only talks about Accoya and its licensing partner Titan Wood (a wholly owned AXS company)
So it appears they only have a license for accoya.
AXS has a holding of 500,000 CDM shares but carries these at nil value as CDM itself appears to have zero cash and is only partaking in its JV via loans. It also seems to have many millions (66.6m possibly) of shares in issue so the CDM holding (originally costing ÂŁ10m as Diamond Wood) is worthless in any real sense.
CDM (previously Diamond Wood) clearly has the rights to accoya in China and other Far East countries (Thailand etc.) but quite what those may be worth in royalties is unclear (so probably very little). What is clear is that somehow AXS managed to lose ÂŁ10m and give the accoya rights to that region away both at the same time.
Here is another question to the Ether. Does anyone know if the CBM agreement includes a licence for Tricoya? I am very much hoping it does not.
Does anybody have a clue as to Accsys potential earning {if any} from CBM sales?
Announced today, sounds promising...
Cleantech Building Materials plc
5000 REFERENCE PROJECTS INSTALLED WITH ACCOYA ÂŽ WOOD IN CHINA AND ASIA
Cleantech Building Materials PLC (âCBMâ or the âCompanyâ or the âGroupâ) announces that last week it was revealed that Romeâs iconic Colosseum will be installing a new high-tech floor using AccoyaÂŽ Wood to give visitors an idea of how the ancient Italian structure looked when gladiators fought there. AccoyaÂŽ Wood was selected due to its light weight, sustainability credentials, and its ability to withstand outdoor elements for over 50 years.
This week AccoyaÂŽ Wood enjoyed another milestone, having achieved 5000 installations across China and Asia. These projects include famous sites such as Hong Kong Disneyland and the Shanghai Bund riverside promenade.
One of the recent projects in China is the âPlease be Seatedâ art pieces created by Londonâs Paul ****sedge Studio and Swire Properties. Fabricated from 1,440 planks of sustainably sourced AccoyaÂŽ Wood, this 15.2 metre-long installation features âwavesâ of wood rising to form arches for people to walk through, and curves under to create space for people to sit, lie and relax. The "Please Be Seated" exhibition in China may be seen in the attached photo.
On 31 March 2021, CBM announced the signing of a joint venture agreement with Nantong Acetic Acid Company to build the first AccoyaÂŽ factory in Asia. The Group aims to have the first supply of China-produced AccoyaÂŽ available for manufacturers of wood products and construction firms by early 2023. The Groupâs joint venture factory will initially produce 40,000 m3 of AccoyaÂŽ Wood, and the large land area where the factory is being built is capable of expanding up to 480,000 m3 of annual production.
AccoyaÂŽ-branded wooden products â such as windows, doors, decking and siding â are enjoying widespread acceptance in the European and US markets, as well as in China and Asia, and it is expected that the Groupâs Asian manufacturer clients will be increasingly asked to fulfill that demand.
THE DIRECTORS OF CLEANTECH BUILDING MATERIALS PLC ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT
Excellent news on the US JV and finding organised at a v.small discount.
The expansion plans are slow but steady so this stays in the portfolio long term for healthy but probably gradual reward.
Of course with a licence there should be some income....
Apologies for the formatting. It only came out once posted.
I meant to put this up as a new thread, title "What do you think, peoples?" Somehow didn't work.
Anyway this is a concern to me, though we have some time. But, boy, did they mess up the licencing. Glad to be corrected. Very!
Thank you sbury, that's useful about Cleantech.
From what I can see Cleantech has been set up to be the new Diamond Wood??? CEO is almost certainly Chinese. HQ is just 1.5 miles from Accsys, but strangely/murkily it is listed on some unheard of European market: "Cleantech Building Materials Plc acquired Diamond Wood China Limited on 23 December 2016 and on the same day completed its listing on Nasdaq First North, Copenhagen."
A week ago, 31st March, they released this in an RNS: "Cleantech Building Materials PLC (âCBMâ or the âCompanyâ) is pleased
to announce the signing of a comprehensive Joint Venture agreement to build
the first Accoya(ÂŽ) Wood factory in China (the âAgreementâ). Under the
terms of the Agreement, a new joint venture company (the âJoint Venture
Companyâ) will be immediately formed between CBMâs subsidiary, Diamond
Wood China Limited (âDiamond Woodâ) and Nantong Acetic Acid Chemical
Company Ltd (âNTAACâ), an international Chinese chemical group, to
construct an Accoya(ÂŽ) Wood factory with an initial design capacity of
160,000 m(3) and ultimate target annual capacity of 480,000 m(3). The initial
financing is for circa âŹ48,000,000 as set out below.
Under the terms of the Agreement, Diamond Wood and NTAAC have agreed specific
factory-related milestones and equity contributions by each party. Diamond
Wood will contribute âŹ11.2m of equity for a 51% majority shareholding of the
Joint Venture Company with the additional right to receive a royalty income up
to âŹ180,000,000. This equity contribution will be made utilising the
Companyâs investment agreement with a private family office which was
announced in July 2019. NTAAC will contribute âŹ10.8m of equity for a 49%
shareholding. Debt financing has been agreed with a leading Chinese bank for
the remaining âŹ26m. The China-based Accoya(ÂŽ) Wood factory is expected to
be producing its first Accoya(ÂŽ) Wood at the end of 2022, with sales volume
ramping up in 2023.
Diamond Wood has the exclusive license to produce and market up to 750,000
m(3) annually of Accoya(ÂŽ) Wood in the Greater China Region from Accsys
Technologies plc (âAccsysâ), with a right to sell into other Asian
markets. Accoya(ÂŽ) Wood supply is currently only available from Accsysâ
Titan Wood factory in Arnhem, Netherlands, and is primarily sold as a premium
building material to small construction projects. The new Diamond Wood-NTAAC
Joint Venture plans to industrialise the production of Accoya(ÂŽ) Wood on a
large scale. By leveraging significantly lower costs in chemical, wood, energy
and other key inputs, the planned China Joint Venture Company will supply
Accoya(ÂŽ) Wood to high-volume wood-product manufacturers in China and Asia,
which dominate global markets in windows, doors, flooring and outdoor
furniture."
Just read your 27th post. Diamond Wood sold to Cleantech Building Materials plc on Nasdaq North Copenhagen. Look at last interims for 2020 strategy. Agree with your comments re scewups but look who was chairman! The only man to run out of wood when his business was wood acetylation and had the company on on product allocation of product for year plus. He was always coming from behind just like his brother in the LibDems. New management performing well so far
See my long post 27th Oct, I was really concerned in 2015 that they had made a giant mess up with licences, worldwide. Still may be the case.