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.
RELATED ARTICLES:
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
Latest news
Bob Vermeer Guided Family Operation
Robert “Bob” Lee Vermeer, who drove the growth of Vermeer Corp. and its line of whole tree chippers and other wood processing equipment, died on August 17. He was 78. His vibrant love of people, passion for Christ, distinct laugh and desire to put others first is what those who knew him will remember most…
Peak Renewables Plans Alabama Wood Pellet Facility
Canadian-based Peak Renewables plans to build a 180,000 metric tons per year wood pellet mill in Dothan, Ala. The $30 million project will utilize residuals from Rex Lumber sawmills in the area…
Wrapping It Up: Wood Bio Conference
EDITOR’S NOTE: This is the third of three parts in the coverage of the Wood Bioenergy Conference & Expo held March 29-30, 2022 at the Omni Hotel at CNN Center and hosted by Wood Bioenergy magazine. Part one in the June issue focused on the keynote talks from producer and consultant personnel. Part two in the August issue highlighted several presentations delivered by representatives of equipment and technologies companies. The next Wood Bioenergy Conference & Expo will be held March 12-13, 2024 at the Omni Hotel at CNN Center in Atlanta, Ga…
EU Vote Boosts Biomass
The European Parliament voted in mid-September to recognize primary woody biomass as a renewable energy source, keeping its classification under both the first Renewable Energy Directive (RED) and RED II. According to news reports, the vote was a critical move to meet the ambitious EU Parliament goal to increase the use of renewable energy to 45% by 2030, and for achieving the EU’s goal of carbon neutrality by 2050…
Find Us On Social
Subscribe to Our Newsletter
Wood Bioenergy News Online hits the inboxes of subscribers in the wood-to-energy sectors.
Subscribe/Renew
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.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.