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UK biomass CHP plant begins commissioning

Kent Renewable Energy Ltd.

February 19, 2018

BY Erin Voegele

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Drax: Pellet segment achieves solid results for 2023 despite market challenges

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By Erin Voegele

12 hours ago

PelletsBusinessPowerUKCarbon Capture

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.

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Drax has become the latest founder member of the University of Sheffield’s newly-launched Energy Innovation Centre. The new partnership will drive forward research into next-generation carbon capture technology, including innovations in BECCS.

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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.

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Sugar Valley Energy, a new 160-acre bioenergy campus planned in California’s Imperial Valley has added New York-based TerraNova Capital Equities, Inc. to its finance team to lead marketing and placement of equity capital for the $1 billion project.

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U.S. manufacturers produced approximately 870,000 tons of densified biomass fuels in November, according to the February edition of the U.S. EIA’s Monthly Densified Biomass Fuels Report. Sales of densified biomass fuel reached 790,000 tons.

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