Pinnacle Renewable Energy and Drax Biomass Combine, Rebrand to Drax
Sustainable biomass pellet producer Pinnacle Renewable Energy Inc. and Drax Group’s U.S. pellet business, Drax Biomass Inc., are rebranding as Drax in a move that supports the Group’s growth strategy, climate goals and relationships with people—including colleagues, communities, partners, customers and suppliers.
Drax Group acquired Pinnacle last year. Drax’s existing operations in the U.S. South were known as Drax Biomass.
Drax Group now has 17 pellet plants and developments in the U.S. and Canada that will be known as Drax. Pellets produced in North America are used at the Drax Power Station in England to generate electricity or are sold to customers in Europe and Asia seeking to decarbonize their power sectors to meet their climate commitments.
Drax is also developing a pioneering negative emissions technology, bioenergy with carbon capture and storage (BECCS), which permanently removes millions of tonnes of carbon dioxide from the atmosphere. The world’s leading climate scientists at the UN’s IPCC say BECCS is critical to addressing the climate emergency.
Drax’s Executive Vice President of Pellet Operations Matt White says, “Last year’s acquisition of Pinnacle advanced Drax’s strategy to increase sustainable biomass production capacity and reduce costs, creating the world’s leading biomass generation and supply business that is well placed to play a critical role in helping countries to meet net zero.We have made good progress integrating Pinnacle and this rebrand will provide a firm foundation for the business to meet the expected growth in global demand for sustainable biomass and our negative emissions technology BECCS.”
Drax plans to increase its annual pellet production capacity to 8 million tonnes by 2030 from around 4 million tonnes currently and is doubling global pellet sales to 4Mt by 2030 to meet an expected increase in global demand for the low-carbon fuel.
Drax Gets Satellite Pellet Plant Going
Drax Supports United Way’s Latest Efforts
Construction Ongoing At Drax Pellet Plants
Drax Satellite Mills Go With BE&E
Westervelt Sells Pellet Interests
Drax Announces $40M Investment In Arkansas
Drax Sets Sights On Carbon Capture
Pinnacle Renewable Energy To Be Acquired By Drax Group
Earthworm, Drax Working Together
Drax Can See End Of Coal Operations
Permits Granted For Construction Of CoalSwitch Facility In Maine
Active Energy (AEG), an international biomass based renewable energy business, has announced Player Design, Inc. (PDI) has received the relevant permitting for the construction and operation of a CoalSwitch manufacturing facility at PDI’s site in Ashland, Maine…
Airex Energy Completes $38M Funding Round
Canada-based biomass carbonization technology provider Airex Energy Inc. announced it has concluded a Series B funding round valued at $38 million Canadian, which Airex Energy states will fast-track its growth initiatives, including a Québec biochar project tying in with its partnership with France-based environmental quality developer, Suez, which aims to significantly boost biochar production in…
Astec, Bejac Announce Distribution Agreement
Astec has announced Bejac Corp., a heavy equipment dealer with 10 locations, will represent the Peterson line of forestry and environmental recycling equipment in California and Arizona. Bejac, founded in 1953 operated as an underground pipeline contracting business until 1985 when the company pivoted to the heavy, specialty equipment sector…
Valmet To Convert Coal-Fired Boiler In Finland To Pellet-Fired
Valmet will be converting Helen Ltd.’s coal-fired district heat boiler to bubbling fluidized bed (BFB) combustion to enable wood pellet firing at the Salmisaari ‘A’ power plant in Helsinki, Finland. The conversion promotes the company’s goal of phasing out coal, while at the same time strengthening the construction of a sustainable energy system…
Find Us On Social
Subscribe to Our Newsletter
Wood Bioenergy News Online hits the inboxes of subscribers in the wood-to-energy sectors.
Wood Bioenergy is published and delivered worldwide 6 times per year. Free to qualified readers in the U.S. Subscribers outside the U.S. are asked to pay a small fee.
Complete the online form so we can direct you to the appropriate Sales Representative.