Power Plant Operator Drax to Launch Carbon Removal Business in Houston
(Reuters) — British power plant operator Drax plans to establish an independent business focused on becoming the global leader in delivering large-scale and high-integrity carbon removal.
The new entity will be launched this year and be operationally separate within the Drax Group and headquartered in Houston in the United States, Drax said.
It will be led by Laurie Fitzmaurice, a senior energy infrastructure expert with nearly 30 years of experience in business development, most recently for Amazon Web Services.
"The creation of this business brings to life years of hard work by many outstanding people across our group and marks another step in Drax’s journey to enable a zero-carbon, lower-cost energy future," said Drax Group CEO Will Gardiner.
"Our recent success is grounded in providing secure, renewable energy and our future is focused on playing a critical role in tackling climate change through the generation of secure, renewable power and the large-scale removal of carbon dioxide."
Britain last year laid out plans to boost energy security and independence by investing in efforts to move towards cleaner, more affordable energy sources, including projects to capture and store carbon dioxide.
Last week Drax said the government had approved its planning application to convert two biomass units at its Drax plant to use carbon removal technology known as bioenergy with carbon capture and storage (BECCS).
Related News
Related News
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Enbridge Plans $2 Billion Upgrade for North America’s Largest Crude Pipeline
- New Alternatives for Noise Reduction in Gas Pipelines
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Enbridge Plans $2 Billion Upgrade for North America’s Largest Crude Pipeline
- South Dakota Governor Signs Bill Banning Eminent Domain for Carbon Pipeline
Comments