The decision by the UK Government not to select Drax for its Track-1 carbon capture programme does not mean that the Government has walked away from supporting Drax’s UK BECCS ambitions. Support will continue to be assessed under a separate process. We see limited alternatives to meeting the government target of removing 5Mtpa of CO2 but the uncertainty of the process shifts focus to Drax’s opportunities in North America. Additional support for long duration storage is also part of the government package announced today.
