Biopower

Drax profits surge 66% as new report finds company still burning rare wood

UK energy company Drax posted a 66% surge in its full-year results on Thursday and raised its dividend, just as…

Drax to launch carbon removal business amid fresh greenwashing allegations

UK-based power plant operator Drax is planning to set up an independent carbon removal business as the company looks to…

UK Government gives go-ahead for CCS at Drax power station

The British Government gave approval on Tuesday for energy company Drax to develop carbon capture technology at its biomass power…

Pacolet Milliken acquires 55MW biomass-fired power plant in Georgia

Private investment company Pacolet Milliken has completed the acquisition of Piedmont Green Power, an affiliate of Atlantic Power & Utilities,…

Environmental groups sue UK Government for biomass and carbon capture net negative claims

Environmental groups began High Court proceedings against the UK Government on Monday over its plans to spend billions of pounds…

Galp and Mitsui to invest $638m in biofuels and green hydrogen

Portuguese energy company Galp on Monday confirmed plans to enter into a joint venture (JV) with Japan-based trading company Mitsui…

Mitsui completes stake buy in combined Danish solar, e-methanol plant

Japanese conglomerate Mitsui has secured the acquisition of a 49% stake in Kassø Midco, the owner of the combined 304MW…

India launches global biofuel alliance at G20 summit

India has announced plans to launch a global biofuel alliance to encourage biofuel usage. Speaking at the G20 summit in…

Ofgem launches formal investigation into Drax’s green credentials

UK energy regulator Ofgem has launched a formal investigation into the sustainability credentials of power generation company Drax. The regulator…

Finnish and Austrian companies to build Europe’s biggest biocoal plant

Finland’s Joensuu Biocoal Oy has partnered with Austrian engineering companies ANDRITZ and POLYTECHNIK in its bid to build the largest…

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