The acquisition of a new pellet plant in British Columbia shows Drax already delivering on its target to add 0.5Mt of capacity in the second half of 2022. The move is well timed with biomass demand growing, notably in Japan where biomass is showing signs of becoming a key solution to meet new efficiency standards brought in with recent legislation.
04 Aug 2022
Drax Group - New Pellet Capacity Well Timed
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Drax Group - New Pellet Capacity Well Timed
Drax Group plc (DRX:LON) | 500 -7 (-0.3%) | Mkt Cap: 1,924m
- Published:
04 Aug 2022 -
Author:
Adam Forsyth -
Pages:
6
The acquisition of a new pellet plant in British Columbia shows Drax already delivering on its target to add 0.5Mt of capacity in the second half of 2022. The move is well timed with biomass demand growing, notably in Japan where biomass is showing signs of becoming a key solution to meet new efficiency standards brought in with recent legislation.