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
Welcome to the PE Media Network
PE Media Network publishes Petroleum Economist, Hydrogen Economist and Carbon Economist to form the only genuinely comprehensive intelligence service covering the global energy industry
Comments