Trillium Renewable Chemicals Acquired by HS Hyosung Advanced Materials | Manufacturing M&A Deal

HS Hyosung Advanced Materials has completed the acquisition of Trillium Renewable Chemicals, a chemical manufacturing business in Tennessee, for $13 million. Trillium Renewable Chemicals develops bio-based acrylonitrile using glycerol-to-acrylonitrile technology and is building a demonstration plant in Knoxville to produce 100% bio-based acrylonitrile. HS Hyosung Advanced Materials acquires Trillium Renewable Chemicals to secure sustainable, drop-in acrylonitrile supply for downstream chemical manufacturing applications. The announced other acquisition is structured as a Series B financing led by HS Hyosung Advanced Materials with Capricorn Partners participation, following a prior $10.6 million Series A and a $2.5 million U.S. Department of Energy award. Falcon construction is complete, with commissioning planned for Q2 2026 and later-year product shipments, supporting manufacturing M&A and private equity acquisition strategy in TN.