While the UK Government’s confirmation of funding for CCS (Track 1) was positive it is even better to see rapid progress on the ground with signs that key projects are already moving towards debt funding. For Drax the potential funding of a storage and transport pipeline fills in a key piece of the jigsaw allowing progress to be made on the two biomass with carbon capture installations at the Drax power station.

08 Oct 2024
Drax Group - A Key Piece of the CCS Jigsaw

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Drax Group - A Key Piece of the CCS Jigsaw
Drax Group plc (DRX:LON) | 681 98.7 2.2% | Mkt Cap: 2,359m
- Published:
08 Oct 2024 -
Author:
Adam Forsyth -
Pages:
6 -
While the UK Government’s confirmation of funding for CCS (Track 1) was positive it is even better to see rapid progress on the ground with signs that key projects are already moving towards debt funding. For Drax the potential funding of a storage and transport pipeline fills in a key piece of the jigsaw allowing progress to be made on the two biomass with carbon capture installations at the Drax power station.