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.
When the Drax business first started out in 1974, it was very different to how it is today. Pivoting its focus from coal to biomass was a big move, but a change that needed to happen. With that transition, the company now has some huge goals underway as it looks.