The U.K. government has opened a public comment period as part of its effort to avoid market manipulation caused by overlapping domestic and international incentives for sustainable aviation fuel (SAF) and other low carbon fuels.
Drax Group plc released 2023 financial results on Feb. 29, reporting its pellet production segment achieved robust performance in a challenging market environment. The company also discussed progress on its BECCS projects in the U.S. and U.K.
New independent analysis by Public First, ‘Mind the gap: Exploring Britain’s energy crunch’, commissioned by Drax Group, reveals that the U.K. will hit an energy security “crunch point” in 2028.
The U.K. government is considering extending subsidies for biomass power producers that plan to develop bioenergy with carbon capture and storage (BECCS) capacity. A public consultation is open through Feb. 29.
The U.K. government on Jan. 16 approved plans for Drax Power Ltd.’s proposed bioenergy with carbon capture and storage (BECCS) project that will capture carbon dioxide emissions from up to two existing biomass units at Drax Power Station.
A new report by Development Economics finds that if the U.K. government accelerates and expands the development of CCS clusters across the country it could generate an extra £32 billion of gross value added for the economy from 2050 onward.
Drax Group plc in early October announced that the U.K. government has signaled its intent to allow large-scale BECCS projects to be eligible to participate in an expansion of the Track-1 carbon clustering process.
Biomass continued to be the second largest source of renewable electricity in the U.K. last year, trailing only offshore and onshore wind, according to a report released by the U.K. Association for Renewable Energy and Clean Technology on Oct. 4.
The U.S. exported 651,698.8 metric tons of wood pellets in July, down from 865,995.4 metric tons the previous month, but up slightly when compared to the 651.104 metric tons exported in July 2022, according to data released by the USDA on Sept. 6.
Drax on Aug. 29 announced its membership to the First Movers Coalition, playing its part in the development of the nascent carbon dioxide removals (CDR) market and working toward becoming a global leader in the potentially trillion-dollar sector.
Port of Tyne and Drax Group plc have signed a new four-year agreement that aims to ensure an uninterrupted supply of sustainably sourced biomass pellets to Drax Power Station, a biomass-fired power plant in the U.K.
The U.K. government on Aug. 10 released its Biomass Strategy, which describes the steps the government intends to take to strengthen biomass sustainability. It also disucsses how sustainable biomass can be used to meet the U.K.'s net-zero goals.
The U.S. exported 865,995.4 metric tons of wood pellets in June, up from both the 820,057.5 metric tons exported the previous month and the 832,092.2 metric tons exported in June 2022, according to data released by the USDA FAS on Aug. 8.
Drax Group plc on July 27 announced its pellet plants produced approximately 1.9 million metric tons of wood pellets during the first half of 2023, down slightly when compared to the 2 million metric tons of production reported for Q2 2022.
Drax has issued a formal response to “BECCS Done Well: Conditions for Success for Bioenergy with Carbon Capture and Storage,� an independent report completed by Forum for Future in 2022 at the request of Drax.
A delegation of officials from the British Embassy in Tokyo and Japanese industry recently visited Drax Power Station – the U.K.'s single-largest generator of renewable electricity. The group, in part, learned about Drax's BECCS plans.
The U.K. Environment Agency on June 1 announced the opening of a public comment period on Drax Power Ltd.'s proposals to develop bioenergy with carbon capture and storage (BECCS) at Drax Power Station.
Ofgem, an independent energy regulator, on May 31 announced it is opening an investigation into whether Drax Power Ltd. is in breach of annual profiling requirement relating to the U.K. Renewables Obligations scheme.
Drax Group CEO Will Gardiner discussed the status of the company's BECCS projects in the company's Q1 trading update, released April 26. He said the company has entered formal discussions with the U.K. government and is evaluting U.S. projects.
The U.K. Pellet Council has announced the U.K. government's recently suspension of ENplus A1 requirements will expire on Nov. 22. As a result, all U.K. traders and customers will be rquired to use any non-ENplus A1 stock by that deadline.
Drax Group on April 25 announced the official end of coal-fired generation at Drax Power Station in North Yorkshire, marking a historic milestone in both the company and the U.K.'s transformation to a zero-carbon energy future.
Drax CEO Will Gardiner has stepped down from his role as a board member of the Sustainable Biomass Program. Gardiner had served in a personal capacity on the board of the Sustainable Biomss Program since January 2019.
Drax, a leading producer and supplier of sustainable biomass, commends the Government of Canada on its recent Budget 2023 plan that supports significant investments in clean energy technologies and the need for biomass to achieve a clean economy.
The U.K. government on March 30 announced that eight projects will move forward as part of its CCUS initiative. The government has decided not to advance any large-scale BECSS project at this time but indicated plans to do so in the future.
Drax Group plc on March 21 announced it is pausing its investment in its U.K. bioenergy with carbon capture and storage (BECSS) project while it awaits clarity regarding the U.K. government's commitment to support BECSS.
Drax is partnering with the Federation of Southern Cooperatives that will help minority and underserved small landowners in the U.S. South with greater access to the biomass market, further encouraging sustainable forestry management.
The U.S. exported 637,518.4 metric tons of wood pellets in January, down from both 917,175.4 metric tons the previous month and 655,656.5 metric tons in January 2022, according to data released by the USDA Foreign Agricultural Service on March 8.
FutureMetrics Inc. has published a white paper that explores offtake pricing relationships between pellet producers and pellet buyers and discusses whether pellet producers can make money in current markets with their legacy offtake agreements.
Drax Group plc released 2022 financial results on Feb. 23, reporting that the company produced 3.9 million metric tons of wood pellets at its North American facilities last year, up 27 percent when compared to 2021.
Fulcrum BioEnergy Inc.'s U.K. subsidiary received a grant of approximately £16.8 million ($20.2 million) from the U.K. Department for Transport Advanced Fuels Fund to support development of SAF production facility.
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