Drax’s adjusted EBITDA was £225 million, up 21% from £186 million last year
The energy company aims to ramp up the sales of sustainable biomass pellets targeting the Japanese market
The deal could see around 13,000 tonnes of steel delivered for the company’s multi-billion-pound project
A pot of £5 million government funding has been made available
In the coming months, the Climate Change Committee may recognise that there are “big problems” with BECCS
A group of 50 MPs has written a letter to the Energy Minister warning about the emissions produced by biomass
Selby College and Drax will develop what is described as the UK’s first educational programme in CCS
A “key step forward” or a “huge letdown” – what does the industry think?
Countries and organisations around the world are racing towards net zero emissions targets. Major companies including Microsoft, Google, Siemens and Unilever have pledged to balance their emissions to net zero before 2050.
The news comes after concerns were raised about a conflict of interest