Accsys and Rhodia Acetow, member of the Solvay Group, announced the signature of a licence agreement for the production and sale of Accoya, a high performance modified wood, based on Accsys' acetylation technology.

It converts sustainably grown softwoods and non-durable hardwoods into "high technology wood".

This conditional agreement is expected to be fully effective in the second half of 2013 provides Rhodia Acetow the exclusive rights to sell Accoya in over 40 European countries for a 15-year period.

Furthermore, the agreement allows Rhodia Acetow the construction of multiple production plants, with the first plant intended for an initial capacity of approximately 63,000 m³ of finished Accoya output that should become operational by year end 2014.