This week, Drax Group announced it has joined the Carbon Business Council, a non-profit trade association of over 100 innovative companies aiming to mitigate the climate crisis.
The UK power generation major Drax has gained significant expertise in carbon dioxide removal (CDR) technologies, and in joining the Carbon Business Council, Drax Group aims to help scale these technologies.
Carbon removal is now widely recognized as a crucial component in the fight against climate change, right alongside emissions reduction efforts.
Hence, it is paramount that CDR technologies and solutions begin to scale rapidly and reach gigaton scale of carbon removal in the near future.
Drax specializes in bioenergy with carbon capture and storage (BECCS) technology and is striving to become a global leader in the field with the ambitious goal of removing 14 million metric tons of CO2 per year by 2030.
Now that the company has decided to become part of the Carbon Business Council (CO2BC) and thus bringing its total carbon management assets up to more than $16.5 billion, it will also bring along its understanding of creating CDR policy and will assist the organization with this.
Furthermore, Drax will also help raise awareness of the importance of carbon removal as a vital part of climate action and will contribute to building a community within the carbon industry.
“At Drax, we want to become global leaders in carbon dioxide removals and are thrilled to be joining the Carbon Business Council as a Cornerstone member to further accelerate the development of the nascent CDR industry,” said Ross McKenzie, Group Director of Corporate Affairs.