Drax New Year cheer with 2022 BECCS investment plans
UK-headed renewable energy major Drax Group plc has transformed its Drax power station to become the biggest decarbonization project in Europe, having converted four of its generating units to use sustainable biomass instead of coal. Looking ahead, the company plans to invest £40 million (≈ €47.5 million) in its bioenergy with carbon capture and storage (BECCS) project in 2022.
Drax now produces 12 percent of the UK’s renewable electricity – enough for four million homes.
On behalf of Drax, I’d like to wish everyone a healthy, happy new year. Drax is already the country’s biggest renewable power generator, and we’re looking forward to an even greener future with our two remaining coal units scheduled to close completely in September 2022 – the end of an era and a major milestone in Drax’s journey to becoming a carbon negative business, said Bruce Heppenstall, Drax Plant Director.
Drax is developing negative emissions technology bioenergy with carbon capture and storage (BECCS) and plans to invest GBP40 million (≈ EUR 47.5 million) in the project in 2022.
Work to build BECCS at Drax could get underway as soon as 2024 with the creation of tens of thousands of jobs.
Its first BECCS unit could be operational in 2027, with a second in 2030, creating the world’s biggest carbon capture in power project, permanently removing eight million tonnes of carbon dioxide (CO2) from the atmosphere each year, making a significant contribution to the UK’s net-zero targets.