Drax Group has signed an agreement with Molpus Woodlands Group (Molpus) to purchase sustainably source woody biomass to fuel its bioenergy and carbon capture and storage (BECCS) operations in the southeastern US.
BECCS is the process of capturing and permanently storing carbon dioxide (CO2) that is generated during the production of electricity from sustainable biomass. The process is the only carbon removal technology that can also simultaneously generate low-carbon renewable power.
Read more: Will BECCS change the carbon capture market?
Under terms of the deal, Drax will have the option to take up to one million green tonnes per annum of fibre to support its BECCS developments, which generate renewable baseload power to support US energy independence.
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