The new plant is being funded, built and operated by a consortium of companies formed in March 2017 including Accsys Technologies, BP Ventures, BP Chemicals, Medite, Business Growth Fund (BGF) and Volantis. The plant has also received funding from the Green Port Growth Programme and from the LIFE programme of the EU.
The breaking ground ceremony was attended by representatives from the Tricoya Consortium (Accsys Technologies, BP and Medite), and joined by representatives from Engie Fabricom (main contractor), Hull City Council, South West Holderness Ward and the local team of Tricoya Technologies Ltd.
The plant construction is expected to complete in early 2019, and will provide around 30 permanent jobs and another 130 jobs for the construction period. The local Hull area has received over £3 billion of investment since 2012 creating more than 4,000 jobs to date.