Drax set for green light on plans for carbon-capture plants
Energy group to spend billions of pounds on building facilities to capture and store carbon emissions from two of its four biomass units
The Drax site in North Yorkshire is regarded as one of the most polluting power stations in Europe
EDWARD CRAWFORD/SOPA IMAGES/LIGHTROCKET VIA GETTY IMAGES
Plans for the construction of two carbon capture plants are set to be approved at Britain’s biggest power station.
Drax Group said it planned to spend billions of pounds on building facilities to capture and store carbon emissions from two of its four biomass units. It is aiming to convert at least one of its units to so-called BECCS, or bioenergy with carbon capture and storage, by 2030.
The news sent shares in the FTSE 250 energy group up by 9.5 per cent, or 46¾p, to 536½p on one of Drax’s best days on the stock market for a year.
Drax’s eponymous power station in Selby, North Yorkshire, has converted four of its units from coal-fired generation to burning biomass wood pellets that qualify
