Drax announces carbon removals deal with C-Zero Markets.

Drax has agreed to a Memorandum of Understanding with C-Zero Markets about selling carbon dioxide removal credits from Drax’s first US BECCS facility.

Carbon Removal

  • C-Zero intends to buy 2,000 metric tonnes of carbon removals from Drax’s first US bioenergy with carbon capture and storage (BECCS) project for $300 per tonne. 
  • Drax will deliver 12 million metric tonnes of carbon dioxide removals (CDRs) annually using BECCS by 2030. 

Click the link here to read the full Drax communication regarding this exciting development.