Drax Group

Drax announces carbon removals deal with C-Zero

Retrieved on: 
Jeudi, avril 18, 2024
Carbon, Memorandum of understanding, CDR, Biomass, Organization, Drax Group, CO2, Microsoft, Renewable energy

HOUSTON, April 18, 2024 /PRNewswire/ -- Carbon removals and renewable energy company Drax Group today announced a carbon removals deal with C-Zero Markets (C-Zero), an environmental consultancy. The agreement is indicative of the maturing carbon market's growing appetite for high-quality carbon removals and represents another concrete step toward Drax delivering bioenergy with carbon capture and storage (BECCS) in the United States.

Key Points: 
  • HOUSTON, April 18, 2024 /PRNewswire/ -- Carbon removals and renewable energy company Drax Group today announced a carbon removals deal with C-Zero Markets (C-Zero) , an environmental consultancy.
  • The agreement is indicative of the maturing carbon market's growing appetite for high-quality carbon removals and represents another concrete step toward Drax delivering bioenergy with carbon capture and storage (BECCS) in the United States.
  • C-Zero will purchase carbon dioxide removals (CDR) credits from Drax representing 2,000 metric tons of permanently stored carbon under the terms of the agreement.
  • The deal, which converts a previous MoU into a firm offtake agreement, is connected to Drax's future deployment of carbon negative BECCS in the U.S.
    "Organizations like C-Zero and the clients it supports are looking to permanent, engineered carbon removals that are high-integrity to ensure their climate commitments are achieved," said Laurie Fitzmaurice, President, Carbon Removals at Drax.

Drax announces carbon removals deal with Karbon-X

Retrieved on: 
Jeudi, mars 28, 2024
Carbon, Climate change, Organization, CDR, BECCS, Partnership, Fitzmaurice, Investment, CO2, Drax Group, Biomass, Renewable energy

HOUSTON, March 28, 2024 /PRNewswire/ -- Carbon removals and renewable energy company Drax Group today announced a new carbon removals deal with Karbon-X, a leading environmental company. The agreement is the latest indicator of growing demand for high-quality carbon removals from bioenergy with carbon capture and storage (BECCS). 

Key Points: 
  • HOUSTON, March 28, 2024 /PRNewswire/ -- Carbon removals and renewable energy company Drax Group today announced a new carbon removals deal with Karbon-X , a leading environmental company.
  • The agreement is the latest indicator of growing demand for high-quality carbon removals from bioenergy with carbon capture and storage (BECCS) .
  • "We're excited to work with organizations like Karbon-X that understand the importance of investing in high-value carbon removals today," said Laurie Fitzmaurice, President, Carbon Removals at Drax.
  • To learn more about how Drax is helping organizations achieve their sustainability goals through high-quality carbon removals, visit www.draxcarbonremovals.com

Drax Partners with LSU to Support Sustainable Forestry, Renewable Energy

Retrieved on: 
Mardi, mars 12, 2024
College, Organization, Environment, Partnership, BECCS, Advisory Council, Education, College of Agriculture, Research, Louisiana State University, Economic development, COA, Dean, Student, NSF, EPA, Scholarship, Drax Group, Forestry, Excellence, Workforce, CES, Interim, State government, LSU

MONROE, La., March 12, 2024 /PRNewswire/ -- Carbon removals and renewable energy company Drax Group today announced a new partnership with Louisiana State University (LSU) to support students and research associated with sustainable forestry and renewable energy. The collaboration will allow LSU and Drax to help advance energy innovation on a global level, while building on LSU's legacy of sustainable forestry and innovative energy research.

Key Points: 
  • Through a pledge of $62,000, Drax will create a new scholarship fund, support existing funds, and become a sustaining member of LSU's Center for Energy Studies' endowment
    MONROE, La., March 12, 2024 /PRNewswire/ -- Carbon removals and renewable energy company Drax Group today announced a new partnership with Louisiana State University (LSU) to support students and research associated with sustainable forestry and renewable energy.
  • The collaboration will allow LSU and Drax to help advance energy innovation on a global level, while building on LSU's legacy of sustainable forestry and innovative energy research.
  • Drax will also become a sustaining member of the LSU Center for Energy Studies' (CES) endowment through a separate donation of $7,000.
  • According to Jesse Downs, Senior Director, LSU Olinde Career Center, "LSU Students have boundless potential and are poised to be the renewable energy leaders of tomorrow.

Drax partners with Molpus Woodlands to fuel BECCS operations in the Southeast US

Retrieved on: 
Mercredi, janvier 31, 2024
Carbon, Partnership, Life, Senior, Biomass, Environment, CDR, Atmosphere, Southern United States, Drax Group, BECCS, Sustainability, Health, Drax, Organization, Renewable energy

HOUSTON, Jan. 31, 2024 /PRNewswire/ -- Carbon removals and renewable energy company Drax Group has announced a new partnership with Molpus Woodlands Group (Molpus). The agreement will provide Drax with an option to purchase sustainably sourced woody biomass to fuel its bioenergy with carbon capture and storage (BECCS) operations in the US Southeast.

Key Points: 
  • The agreement will provide Drax with an option to purchase sustainably sourced woody biomass to fuel its bioenergy with carbon capture and storage (BECCS) operations in the US Southeast.
  • Drax will have the option to take up to 1 million green tons per year of sustainably sourced fiber under a long-term fiber supply agreement.
  • "The sustainable fiber secured through this agreement with The Molpus Woodlands Group, a leading US forestry company, takes us one step closer to bringing Drax's BECCS ambitions to life."
  • To learn more about BECCS by Drax and our ambition to remove 6 million tons of carbon annually in the United States, visit https://www.drax.com/bioenergy-with-carbon-capture-and-storage-beccs/ .

Drax Partners with Patch to Enhance Carbon Credit Offering

Retrieved on: 
Mercredi, novembre 8, 2023
Carbon, Sale, Citroën C-Zero, Paris, Intergovernmental Panel on Climate Change, Organization, Climate change, Partnership, Drax Group, Paris Agreement, UN, BECCS, Online shopping, Renewable energy, Pelletizing, Drax, Patch

With the Patch Radius software solution, Drax customers will be able to seamlessly purchase from a number of portfolios of carbon credits, including those from BECCS by Drax.

Key Points: 
  • With the Patch Radius software solution, Drax customers will be able to seamlessly purchase from a number of portfolios of carbon credits, including those from BECCS by Drax.
  • Drax has the ambition to become a global leader in carbon removals through the implementation of bioenergy with carbon capture and storage (BECCS) technology, with the aim of capturing 14 million metric tonnes of carbon removals a year by 2030.
  • Supporting Drax's ambition in carbon removals, this partnership aims to accelerate the carbon market by facilitating carbon credit sales to companies of all sizes looking to achieve their climate goals.
  • In addition to using the Patch software to facilitate the sale of BECCS by Drax credits to Drax customers, Drax also plans to submit BECCS by Drax credits to be evaluated against Patch's project acceptance criteria.

Drax joins the Carbon Business Council

Retrieved on: 
Mercredi, septembre 20, 2023
Carbon, Corporate Affairs, Intergovernmental Panel on Climate Change, Paris, Paris Agreement, Policy, Climate change, Mackenzie, History, Cornerstone, Organization, CDR, Charles, Risk, Drax Group, UN, Drax, Climate, BECCS, Renewable energy, Fossil fuel

MONROE, La., Sept. 20, 2023 /PRNewswire/ -- Carbon removals and renewable energy company, Drax Group, has joined the Carbon Business Council, an organization comprised of more than 100 leading carbon management growth companies working to reverse climate change.

Key Points: 
  • MONROE, La., Sept. 20, 2023 /PRNewswire/ -- Carbon removals and renewable energy company, Drax Group, has joined the Carbon Business Council , an organization comprised of more than 100 leading carbon management growth companies working to reverse climate change.
  • As a Cornerstone Member, Drax will work with the Carbon Business Council to accelerate the scaling of carbon removal technologies and build a network of leaders within the carbon dioxide removal (CDR) space.
  • Drax's expertise will assist the Carbon Business Council in developing CDR policy, building awareness of why carbon removals are an essential pillar of climate action, and fostering community within the CDR industry.
  • "At Drax, we want to become global leaders in carbon dioxide removals and are thrilled to be joining the Carbon Business Council as a Cornerstone member to further accelerate the development of the nascent CDR industry," said McKenzie.

Drax Joins World Economic Forum's First Movers Coalition

Retrieved on: 
Mardi, août 29, 2023
Carbon, Acceleration, Climate, First-mover advantage, U.S. Department of Defense Strategy for Operating in Cyberspace, Carbon dioxide removal, Aviation, Organization, CDR, Bioenergy with carbon capture and storage, Risk, Drax Group, COP26, FMC, Drax, BECCS, United, Renewable energy

MONROE, La., Aug. 29, 2023 /PRNewswire/ -- Drax today announced its membership to the First Movers Coalition (FMC), 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.

Key Points: 
  • Led by the World Economic Forum and the U.S. Department of State, the FMC is currently focused on addressing eight hard to abate industries, which are currently responsible for 30% of global emissions, such as shipping and aviation.
  • Drax will join the Carbon Dioxide Removals group, comprised of businesses with commitments to purchase durable and scalable carbon removals from solutions such as Bioenergy with Carbon Capture and Storage (BECCS) , a vital new technology, in which Drax is a pioneer.
  • "We welcome the opportunity to join the World Economic Forum in their efforts developing early markets for innovative technologies like BECCS."
  • "We are thrilled to welcome Drax to the First Movers Coalition and look forward to working alongside the company to drive the acceleration of the global carbon removals market," said Nancy Gillis, Program Head of the First Movers Coalition at the World Economic Forum.

enfinium appoints Non-Executive Director, Peter Emery, to the Board

Retrieved on: 
Jeudi, juin 1, 2023
York, Greater Manchester, Policy, Innovation, Drax Group, North West Regional Leaders Board, Management

LONDON, June 1, 2023 /PRNewswire/ -- enfinium is pleased to announce the appointment of Peter Emery as a Non-Executive Director to the Board.

Key Points: 
  • LONDON, June 1, 2023 /PRNewswire/ -- enfinium is pleased to announce the appointment of Peter Emery as a Non-Executive Director to the Board.
  • Peter Emery is Chair of Greater Manchester's Energy Innovation Agency and the energy appointee to the Board of Innovation Greater Manchester, part of the Government's Innovation Accelerator Policy.
  • Mr Emery has held senior management and Board positions at Drax Group plc, Electricity North West Limited and Capture Power.
  • Sir Peter Gershon, Chairman of the Board said "I am delighted to welcome Peter Emery to the Board as a Non-Executive Director.

Wood Pellets Global Market Report 2023

Retrieved on: 
Mardi, mars 28, 2023
Pressure, Research report, PM, Entwicklung series, Graanul Invest, Tree, COVID-19, Electricity, International Energy Agency, CHP, Carbon, Sale, Organization, Wood, Plant, La Croix, BECCS, Acquisition, Drax Group, Particulates, Growth, Heat, LTD, Biomass, Southern United States, Geography, Wood-plastic composite, Pelletizing, Renewable energy, United Company, USD

The global wood pellets market grew from $9.55 billion in 2022 to $10.7 billion in 2023 at a compound annual growth rate (CAGR) of 12.0%.

Key Points: 
  • The global wood pellets market grew from $9.55 billion in 2022 to $10.7 billion in 2023 at a compound annual growth rate (CAGR) of 12.0%.
  • The wood pellets market consists of sales of premium wood pellets, standard wood pellets, food-grade wood pellets, traeger signature wood pellets, applewood pellets, cherry wood pellets, pecan wood pellets, mesquite wood pellets, and hickory wood pellets.Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers.
  • Forest residues and wood waste are converted into wood pellets, a significant biomass source for energy production.The wood pellets production process involves sawdust preparation, screening, hammering, pelletizing, cooling, and packaging.
  • The wood pellets market research report is one of a series of new reports that provides wood pellets market statistics, including wood pellets industry global market size, regional shares, competitors with a wood pellets market share, detailed wood pellets market segments, market trends and opportunities, and any further data you may need to thrive in the wood pellets industry.

Drax Group Deploys Solace to Power Up the UK's Electric Vehicle Drive

Retrieved on: 
Jeudi, février 23, 2023
Drax, Region, Water, Electric vehicle, Drax Group, MHHS, BSC, Electricity, SES Water, EDA, CO2, EV, SES, Renewable energy, Office of Gas and Electricity Markets, Consolation

LONDON, Feb. 23, 2023 /PRNewswire/ -- Solace, the leading enabler of event-driven architecture (EDA) for real-time enterprises, announced today renewable energy company Drax Group has deployed Solace event streaming and management technology to underpin its industry-leading Electric Vehicle (EV) solutions, powered by renewable energy.

Key Points: 
  • LONDON, Feb. 23, 2023 /PRNewswire/ -- Solace, the leading enabler of event-driven architecture (EDA) for real-time enterprises, announced today renewable energy company Drax Group has deployed Solace event streaming and management technology to underpin its industry-leading Electric Vehicle (EV) solutions, powered by renewable energy.
  • Supply chain disruptions are bringing to the fore the importance of balancing power, demand and supply, especially in the wake of wild energy price fluctuations.
  • To maximize energy efficiency, providers and consumers both demand real-time updates of commodity prices, which ultimately influence purchasing decisions.
  • To generate and deliver renewable power in the most efficient way and remain compliant with the programme, energy providers need real-time, event-driven data.