Drax Group, a global renewable energy company, has announced the establishment of a new independent business unit with the goal of becoming the global leader in large-scale and high-integrity carbon removals. The new business will oversee the development and construction of Drax’s new-build BECCS plants in the US and internationally and work with strategic partners to remove at least 6Mt of CO2 from the atmosphere annually.
The US-headquartered entity will be led by senior energy infrastructure expert Laurie Fitzmaurice, while the UK operation will continue to be managed by a team based in the UK. The new business will be operationally separate within the Drax Group and have its headquarters in Houston, United States.
Drax Group CEO Will Gardiner expressed excitement about the new business, stating, “Our recent success is grounded in providing secure, renewable energy, and our future is focused on playing a critical role in tackling climate change through the generation of secure, renewable power and the large-scale removal of carbon dioxide.”
Gardiner emphasized the importance of the new entity in delivering carbon removals to organizations looking to reduce their carbon footprints, with a focus on becoming a leader in the growing carbon trading market.
