Drax Group announces carbon removals deal with C-Zero Markets.
The agreement involves C-Zero purchasing 2,000 metric tonnes of carbon dioxide removals (CDRs) credits from Drax.
This deal, which transforms a previous memorandum of understanding into a firm offtake agreement, is linked to Drax’s forthcoming deployment of bioenergy with carbon capture and storage (BECCS) in the US.
Laurie Fitzmaurice, President, Carbon Removals at Drax, said: “As those deadlines approach, experts predict demand will soar for CDRs that are credible, quantifiable, and auditable – like those provided through BECCS by Drax – making now the smartest time to invest.”
Make sure you check out the latest Net Hero Podcast episode:
Net zero is a way to cut your costs and help the planet, so what’s stopping you? Often, it’s just the right help and advice. That’s what we will provide at the Big Zero Show this July. Workshops, expert speakers, case studies and exhibitions. Plus, networking with 1500 peers and potential customers. Register for free now.
