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Drax finalises carbon removals deal

Drax Group announces carbon removals deal with C-Zero Markets.

The agreement involves C-Zero purchasing 2,000 metric tonnes of carbon dioxide removals (CDRs) credits from Drax.

This deal, which transforms a previous memorandum of understanding into a firm offtake agreement, is linked to Drax’s forthcoming deployment of bioenergy with carbon capture and storage (BECCS) in the US.

Laurie Fitzmaurice, President, Carbon Removals at Drax, said: “As those deadlines approach, experts predict demand will soar for CDRs that are credible, quantifiable, and auditable – like those provided through BECCS by Drax – making now the smartest time to invest.”

Energy Live News
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This article first appeared on Energy Live News, an award winning news service. Their mission is to give you balanced news, analysis, commentary of energy from their dedicated team of quality journalists and production staff.
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