Drax’s UK power plant
UK’s Drax pivots Beccs expansion to US
Company plans £4bn investment in new plants in southern US, evaluates nine other sites and opens Houston Beccs headquarters
UK-based Drax Group has unveiled plans for an aggressive push into the US market for bioenergy with CCS (Beccs) as it eyes favourable project economics based on tax credits and potential sales of electricity and carbon dioxide removal (CDR). Drax, which is one of the world’s leading developers of Beccs through an existing project in northern England, is in the process of securing options on two sites in the southern US for the construction of new biomass-fired power plants with CCS, each of which would cost c.$2bn to construct. 3mn t/yr – Carbon capture capacity of each new US plant The company envisages FID on the two plants, each with a CCS capacity of 3mn t/yr, in 2026 and commerc
Also in this section
22 September 2023
A flurry of interest in direct air capture signals a key role for the technology in the push for net zero
21 September 2023
Technology company says its latest technologies can achieve 30–50% cost reductions at the capture stage
20 September 2023
Curbing emissions globally by using international carbon market mechanisms reduces the cost of mitigation, Andrea Bonzanni, international policy director at the IETA, tells Carbon Economist
19 September 2023
Mideast Gulf state keen to highlight progress made on expanding carbon sequestration capacity and diversifying e-fuels production ahead of COP28
