LONDON , August 8, 2022 (press release) –
Drax Group CEO Will Gardiner said:
“The proposed increase in the level of support for bioenergy with carbon capture and storage (BECCS) projects in the Inflation Reduction Act of 2022, is game-changing for carbon removal companies looking to invest in deploying this vital technology and support the US meet its net zero targets.
“If enacted, Drax will be able to kick start its pipeline of BECCS projects in the US, accelerating the scale up of essential carbon removals needed to meet climate targets whilst creating green energy jobs in communities which need them most.
“The bill, approved by the Senate, demonstrates the kind of climate leadership companies like Drax need to see, so we can lead the creation of a whole new BECCS industry. I’m excited about the future for Drax in the US.”
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistribute or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.