An offtake agreement for carbon credits on new biomass projects in the US shows that Drax is actively pursuing this option which can help to build diversity and create route to market options for the growing pellets business. We also think it shows that Drax can evidence to third parties that its biomass generation is a genuine low carbon solution which meets the increasingly demanding sustainability requirements of both voluntary and formal credit methodologies.
21 Sep 2022
Drax Group - Carbon Credit MoU in US
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Drax Group - Carbon Credit MoU in US
Drax Group plc (DRX:LON) | 489 30.3 1.3% | Mkt Cap: 1,892m
- Published:
21 Sep 2022 -
Author:
Adam Forsyth -
Pages:
6
An offtake agreement for carbon credits on new biomass projects in the US shows that Drax is actively pursuing this option which can help to build diversity and create route to market options for the growing pellets business. We also think it shows that Drax can evidence to third parties that its biomass generation is a genuine low carbon solution which meets the increasingly demanding sustainability requirements of both voluntary and formal credit methodologies.