The agreement converts an existing memorandum of understanding into a firm offtake deal.
Drax
Peel Ports Logistics has signed a deal to become renewable energy specialist Drax’s new shipping agency service provider for vessels importing biomass into Liverpool.
Sustainable fiber is sourced from low-grade roundwood including forest thinnings and residues left over from timber harvesting. Low-grade roundwood is not suitable for sawmilling, and BECCS can provide a valuable new market for this forestry byproduct.
The Secretary of State for Energy Security and Net Zero, Claire Coutinho, has approved the Development Consent Order for Drax Power Limited’s plans to convert two of its biomass units at Drax Power Station to the carbon removals technology bioenergy with carbon capture and storage (BECCS).