Posts tagged with
Drax Group

Retirement System To Make $26M Loan To Arkansas Wood Pellet Company

The Arkansas Teacher Retirement System will make a short-term loan of up to $26 million to Highland LLC, which operates a wood pellet manufacturing plant in the Pine Bluff industrial park near White Hall, the system’s board of trustees has decided. In July 2016, the system’s trustees authorized an investment of up to $25 million […]

Drax To Buy Two Distressed U.S. Pellet Plants

Drax Group PLC is looking to buy two pellet plants in the US that have filed for bankruptcy. The owner of the UK’s largest power plant said it has submitted initial cash offers for the operating assets of Texas Pellets and Louisiana Pellets as part of auction processes to be held on 1 and 2 […]

Wood Pellet Operations Underway At Louisiana Port

For more than a year, many westbound drivers crossing the Mississippi River on the Interstate 10 bridge connecting Baton Rouge and Port Allen may have wondered why two giant, white domes were under construction on the west bank. Last month, large trucks began filling one of the domes with tons of wood pellets. Those two […]

Drax Group Wins Appeal On Subsidy Eligibility Of Biomass Conversion

Drax Group Plc said a decision by the U.K. government not to award one of its biomass conversion units a guaranteed power price had been overturned. A High Court judge said the move by the Department of Energy and Climate Change must be quashed and reconsidered, Drax said in a statement from its headquarters in […]

Drax Biomass Establishes U.S. Headquarters In Georgia

Drax Biomass , Inc. will establish its U.S. headquarters in the Atlanta, Georgia region. The company will invest more than $1 million to lease 10,000 square feet in the Concourse building in Sandy Springs for seven years, with plans to create 50 jobs over the next five years. A wholly owned U.S. subsidiary of U.K. […]

Drax Group Plans Another Mississippi Pellet Plant

Permit and grant applications show that same British company that’s building a wood pellet mill in Gloster is planning one in Magnolia. Pike BioEnergy LLC shares directors and addresses with Amite BioEnergy LLC, which announced plans to build a 45-employee mill in Gloster in 2012. The Mississippi Department of Environmental Quality began seeking public comment […]

U.K. Committing ‘Industrial Vandalism’ By Rejecting Biomass Plan

The U.K.’s rejection of proposals to convert a plant producing almost 4 percent of the nation’s power to biomass from coal is an act of “industrial vandalism” that will cut jobs and threaten energy security, a labor union said. The government in December selected 10 of 16 projects that may be eligible to receive guaranteed […]

Drax Confident Of Making Biomass Power Transition Objectives

British power generator, Drax Group, is confident that it will meet its objective of generating half of its power plant from biomass, despite new coal levies threatening short-term profits. The Yorkshire, England-based plant is on track to see half of its generating capacity coming from wood pellets, replacing its previous coal-based power. In April Drax […]

Drax Gets $163 Million From U.K. To Switch To Wood From Coal

Drax Group Plc received 100 million pounds ($163 million) from Britain’s Green Investment Bank to fund its $1 billion plan to convert the nation’s biggest coal- fired power plant to burn wood pellets. The GIB is providing the amortizing term loan alongside Prudential Plc and the M&G U.K. Companies Financing Fund, which committed equivalent funding […]

Drax Biomass Announces Wood Pellet Production Facility In Mississippi

Governor Phil Bryant and officials from Drax Biomass International Inc. have announced the company is planning to construct a 450,000 metric ton per year wood pellet production facility in Gloster, Mississippi, in Amite County. The facility, to be known as Amite BioEnergy, represents a substantial multi-million dollar investment by the company and will create 45 […]

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