December 9, 2016
BY Erin Krueger
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Drax is pleased to announce that it has signed an agreement to acquire Flexitricity Ltd., a U.K.-based optimizer of flexible energy assets, from Quinbrook. The transaction is expected to close during the first quarter of 2026.
LanzaTech Global Inc. has announced Saltend Chemicals Park in Humberside as the intended location for its pioneering DRAGON II project—a £600 million investment to produce sustainable aviation fuel (SAF) and renewable diesel at scale.
DevvStream Corp. has signed a term sheet with Southern Energy Renewables Inc. and Frontline BioEnergy that outlines an expanded collaboration to support the development and de-risking of Southern’s planned biomass-to-fuels and chemicals platform.
Neste Corp. on Feb. 5 released Q4, reporting that renewable sales volume were up for both the quarter and the full year 2025. The renewable diesel market improved toward the end of the year and record-high SAF sales supported profitability.
Drax on Feb. 3 announced plans to adapt its organizational structure to its evolving business. The company is launching a consulting process that could result in the reduction of more than 350 employees in the U.K. and U.S.