Associated tags: Carbon, Drax Group, CCUS, Electricity, Coal, BECCS, CO2, Biomass, Drax Power Station, Renewable energy, Drax
Locations: CANADA, NORTH YORKSHIRE, GB, BRITISH COLUMBIA, TEXAS, NORTH AMERICA, UNITED STATES, ALABAMA, MISSISSIPPI, ALBERTA, DISTRICT OF COLUMBIA, LOUISIANA, HOUSTON, UK, EUROPE, SELBY, SCOTLAND, ENGLAND
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Pelletizing MONROE, La., April 23, 2024 /PRNewswire/ -- Renewable energy company Drax announced today a $250,000 commitment to create the Gloster Community Fund, a fund earmarked exclusively for initiatives that will improve quality of life and support grassroots activities in Gloster, Mississippi, where Drax operates a wood pellet production facility.
Key Points:
- Latest commitment will fund additional educational and community efforts in the town of Gloster, Mississippi where Drax operates
MONROE, La., April 23, 2024 /PRNewswire/ -- Renewable energy company Drax announced today a $250,000 commitment to create the Gloster Community Fund, a fund earmarked exclusively for initiatives that will improve quality of life and support grassroots activities in Gloster, Mississippi, where Drax operates a wood pellet production facility.
- Following community outreach and conversations, senior Drax leadership visited with Gloster community members and town leadership in March 2024 to discuss actionable items to meet the needs of the community.
- The latest commitments from Drax to Gloster residents include:
Dedicated $250,000 Gloster Fund: Will allow Drax to continue making lasting, positive impacts in the community and will be earmarked specifically for Gloster projects and initiatives that are designed to improve quality of life and support grassroots activities as part of our commitment to being a good neighbor.
- Community Advisory Panel: To help Drax deepen community engagement and more effectively respond to community needs, we are creating a community advisory panel in Gloster that will be made up of community leaders and citizens to help inform Drax's future investments in the region.
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.
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Renewable energy MONROE, La., April 3, 2024 /PRNewswire/ -- Drax today released an annual report for its Drax Foundation and Community Fund that shows more than $3.4 million has been donated to support communities across Drax's global operations. The renewable energy company focused on funding organizations that help underrepresented groups, advance gender equality, and support indigenous communities. Organizations that have benefitted from Drax's funding include those that improve STEM education, access to green spaces, and energy efficiency efforts in schools.
Key Points:
- The renewable energy company focused on funding organizations that help underrepresented groups, advance gender equality, and support indigenous communities.
- "It's important that we give back to the communities in which we operate and I'm very proud of the work the Drax Foundation has done in its first year," said Will Gardiner, Drax CEO.
- I look forward to seeing the continued support we provide to our communities through the Drax Foundation in the future."
- To learn more about the Drax Foundation and Drax's community efforts, visit www.drax.com/community .
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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
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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.
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Wednesday, January 31, 2024
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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/ .
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Friday, November 24, 2023
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Renewable energy Biomass is a key component of the clean energy sector with the potential to reduce reliance on diesel fuel in rural and remote communities.
Key Points:
- Biomass is a key component of the clean energy sector with the potential to reduce reliance on diesel fuel in rural and remote communities.
- “We are encouraged by the Canadian government’s commitment to clean energy and the recognition of biomass-used technologies as a crucial component in achieving a cleaner future,” said Will Gardiner, CEO of Drax.
- Sustainable biomass also supports a vital carbon-negative emissions technology (BECCS) which will be needed around the world to meet climate commitments.
- Drax looks forward to working closely with the Canadian government to advance the biomass industry further and create opportunities for forest workers, including through meaningful partnerships with First Nations communities and businesses.
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Wednesday, November 22, 2023
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Forestry VANCOUVER, British Columbia, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Renewable energy company Drax has announced that five Canadian non-profits will receive over $450,000 from the second round of Drax Foundation donations.
Key Points:
- VANCOUVER, British Columbia, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Renewable energy company Drax has announced that five Canadian non-profits will receive over $450,000 from the second round of Drax Foundation donations.
- “These organizations invigorate the communities they work in and have lasting impacts on the people and areas they serve,” said Sandy Sung, Community Manager for Drax Canada.
- “I’d like to thank the Drax Foundation for its generous support as their focus in supporting STEM education, and advancing equity and access to STEM education resonates with Actua’s mission,” said Jennifer Flanagan, CEO of Actua.
- To learn more about the Drax Foundation and community projects that Drax has previously funded, visit https://drax.com/ca/news/ .
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Wednesday, November 22, 2023
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Engineering MONROE, La., Nov. 22, 2023 /PRNewswire/ -- Renewable energy company Drax has announced that seven U.S. non-profits will receive $433,000 as part of the Drax Foundation's latest round of donations. The Drax Foundation funds initiatives that support education and skills development in Science, Technology, Engineering, and Math (STEM), and those that improve community green spaces and enhance biodiversity.
Key Points:
- The Drax Foundation funds initiatives that support education and skills development in Science, Technology, Engineering, and Math (STEM), and those that improve community green spaces and enhance biodiversity.
- The funds will provide nearly 16,000 children across the southern U.S. with access to STEM education opportunities.
- Combined with the first wave of funding earlier this year from the Drax Foundation, more than 24,000 young learners will be afforded opportunities in STEM education.
- "This round of Foundation giving will help deserving organizations change the lives of thousands of children across the southern U.S."
To learn more about the Drax Foundation and Drax's community efforts, visit www.drax.com/community .
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Wednesday, November 8, 2023
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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.
