9/1/2023 0 Comments Power video editorOther countries are also interested in building BECCS plants and Drax says it has hosted a ministerial visit from Poland, officials and academics from Indonesia and a delegation of bipartisan U.S. Gardiner urged the government to outline its support in an announcement planned for the end of this month on measures to support energy security.īritain's climate change advisers this month said that the technology is likely to be needed for the country's plans to cut electricity sector emissions as part of efforts to meet its climate goal of net-zero emissions by 2050. "Until we have this clarity, we are pausing our multimillion-pound investment programme in the UK BECCS project," Drax CEO Will Gardiner said in a statement. March 21 (Reuters) - British power generator Drax (DRX.L) will pause its planned 2 billion pound ($2.45 billion) UK investment in bioenergy with carbon capture and storage (BECCS) until it receives more clarity on government support, it said on Tuesday.ĭrax welcomed the UK government's recent budget support for carbon capture and storage (CCS) but said the company required a firm commitment to BECCS before it could invest the cash to install the technology at its 2.6 gigawatt biomass power plant in Yorkshire, northern England.
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