Drax Group has announced a new partnership with Molpus Woodlands Group (Molpus). The agreement will provide Drax with an option to purchase sustainably sourced woody biomass to fuel its bioenergy with carbon capture and storage (BECCS) operations in the US Southeast. Drax will have the option to take up to 1 million green tons per year of sustainably sourced fiber under a long-term fiber supply agreement.

This supply will anchor Drax's BECCS developments in the region, which will generate renewable baseload power to contribute toward US energy independence while permanently removing carbon dioxide from the atmosphere. Sustainably sourced biomass - when paired with carbon capture and storage technology - is the only carbon negative technology that can permanently remove carbon from the atmosphere while simultaneously contributing to the diversity of the power grid. This partnership with Molpus represents a key milestone toward Drax realizing its intent to become a global leader in carbon removals through the implementation of BECCS technology, with the goal of capturing 6 million metric tonnes of carbon a year in the US.

Dra's new and future BECCS projects could also result in hundreds of permanent jobs, with thousands more supported during construction and through the supply chain. Landowners will also be incentivized to practice sustainable forest management to improve the health and resilience of forests for generations to come.