Drax has agreed to acquire the remaining 10 percent minority interest in the Alabama Pellets LLC joint venture from Two Rivers Lumber Co LLC for $22 million. Alabama Pellets is comprised of the Aliceville and Demopolis pellet plants.
Drax Group plc is speaking out to correct inaccurate and misleading information contained in a BBC video report released on Oct. 3 that focuses on the company's production of wood pellet fuel in Canada.
Independent analysis by Oxford Economics has shown that last year renewable energy leader Drax contributed CA$1.1 billion towards the Canadian economy. The company has 10 wood pellet plants in British Columbia and Alberta.
Independent analysis by Oxford Economics has shown that Drax contributed £1.8 billion towards the U.K. economy and supported 17,800 jobs across the U.K in 2021. The company's operations in the U.K., U.S., and Canada generated £3.1 billion in GDP.
Drax has signed an MOU with Respira under which Respira will be able to purchase up to 2 million metric tons of carbon dioxide removals (CDRs) from Drax over a five year period. The CDRs would be linked to a future BECCS project in North America.
MEPs on Sept. 14 voted in favor of proposals for a revised RED. The proposals aim to raise the share of renewables in the EU's final energy consumption to 45 percent by 2030. They also address the use of woody biomass.
The U.S. exported 649,185.7 metric tons of wood pellets in July, down from 832,092.2 metric tons the previous month, but up when compared to the 546,519.1 metric tons exported in July 2021, according to data released by the USDA FAS on Sept. 7.
Funding for researchers at Cranfield University to look at new ways to generate hydrogen energy from biomass has been announced by the U.K. government. The funds support a collaborative pilot project called Bio-HyPER.
The U.K. government on Aug. 24 announced it is now accepting submissions from power bioenergy with carbon capture and storage (BECCS) projects that want to take part in Track-1 of its carbon, capture, usage and storage (CCUS) sequencing process.
The U.K. government is proposing to temporarily suspend certain fuel quality requirements for Renewable Heat Incentive participants using wood pellets in response to supply impacts resulting from Russia's invasion of Ukraine.
The U.K. government on Aug. 11 launched a consultation on how to support the development of bioenergy carbon capture and storage (BECCS) projects in the U.K. over the next decade. The consulation is open through Oct. 7.
The U.K. government on Aug. 4 awarded £32 million to 12 projects that aim to increase production of sustainable biomass. An additional £5 million was awarded to 22 projects to support new technologies that generate hydrogen from biomass and waste.
The U.S. exported 832,092.2 metric tons of wood pellets in June, up from both 740,605 metric tons in May and 603,794.9 metric tons in June 2021, according to data released by the USDA Foreign Agricultural Service on Aug. 4.
Drax Group has signed an agreement with Princeton Standard Pellet Corp. to acquire its pellet plant in Princeton, British Columbia, Canada. The plant, which has been operating since 1995, has the capacity to produce 90,000 metric tons per year.
Coming off a season with inventory levels the highest they have been in several years, an impending pellet shortfall in Europe has some U.S. heating pellet producers eyeing a challenging opportunity.
Drax Group plc on July 26 released financial and operational results for the first half of 2022, reporting significant increases in both operating profit and wood pellet production when compared to the same six-month period of 2021.
The U.K. government on July 19 released its Jet Zero strategy. The initiative, in part, requires at least 10 percent SAF use by 2030. It also aims to kickstart a domestic SAF industry, supported by a new £165 million Advanced Fuels Fund.
U.K.-based renewable energy company Drax Group is expanding its operations into Japan as part of its ambitions to increase sustainable biomass sales to support energy security and decarbonization in Asia.
Renewable energy company Drax has submitted plans to build the world's largest carbon capture facility at its North Yorkshire power station. The company plans to invest £2 billion in the 2020s in its plans to develop two BECCS units.
Drax on July 6 announced it is continuing to optimize its biomass generation and logistics and will temporarily extend the life of its coal generation assets in response to increased pressure on European gas markets.
The U.S. exported 740,605 metric tons of wood pellets in May, up from both 659,071 metric tons the previous month and 513,608 metric tons in May 2021, according to data released by the USDA Foreign Agricultural Service on July 7.
Renewable energy company Drax has signed an agreement with British Steel to explore opportunities for its steel to be used to build the world's largest multi-billion-pound carbon capture project at its power station in the UK.
President Biden on June 8 announced his intent to nominate Doug McKalip to serve as chief agricultural negotiator in the Office of the U.S. Trade Representative (USTR). The USDA, USTR and USGC have spoken out in support of his nomination.
Worley announced on June 3 it has been awarded a front-end engineering and design (FEED) services contract for a sustainable aviation fuel (SAF) biorefinery under development by Saudi Arabia-based Alfanar in Teesside, U.K.
The call for speaker presentation ideas is now open for the 2022 National Carbon Capture Conference & Expo (NCCC) taking place Nov. 8-9, 2022, in Des Moines, Iowa. The NCCC will accept speaker abstracts through July 8.
The U.S. exported 659,071 metric tons of wood pellets in April, down from 801,396.9 metric tons in March, but up from the 635,463.4 metric tons exported in April 2021, according to data released by the USDA Foreign Agricultural Service on June 7.
At a time when Europe needs as much affordable, sustainable and secure energy as possible, a recent vote by the European Parliament's ENVI Committee to limit the use of biomass makes little sense, according to USIPA's Jessica Marcus.
Protos Biofuels Ltd., a project developed by Advanced Biofuel Solutions Ltd. and Greenergy, announces that its first municipal waste to advanced biofuels project has progressed into the front-end engineering design (FEED) phase.
Velocys plc released 2021 financial results on May 17, discussing progress made towards the development of its proposed biorefinery projects in the U.S. and U.K. Strong demand for sustainable aviation fuel (SAF) is expected to drive company growth.
Renewable energy pioneer Drax has partnered with the University of Nottingham and Promethean Particles to trial a pioneering new bioenergy with carbon capture and storage (BECCS) process at its North Yorkshire power station.
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