“We are encouraged by the Canadian government’s commitment to clean energy and the recognition of biomass-used technologies as a crucial component in achieving a cleaner future,” said Will Gardiner, CEO of Drax. “Leading climate bodies and scientists agree that biomass has an important role to play in climate mitigation – as a sustainable feedstock, as a renewable energy resource, and as a carbon removals technology through Bioenergy with Carbon Capture and Storage.”
Sustainably sourced biomass is renewable and provides reliable, flexible generation that enables technologies such as wind and solar, to connect to the grid. Sustainable biomass also supports a vital carbon-negative emissions technology which will be needed around the world to meet climate commitments.
“Working on both sides of the Atlantic, Drax is focused on enabling a zero-carbon, lower-cost energy future,” said Gardiner. “Drax’s ambition is to be the world’s leading provider of carbon removals through BECCS.”
BECCS is vital to energy security. Drax’s ambition through BECCS is building large-scale carbon removal facilities, creating thousands of jobs in new clean energy technology and generating dispatchable, renewable power using sustainably sourced biomass for homes and industries – while supporting the growth of the forestry sector and other intermittent energy sources.
With the right policy framework, and further announcements such as the one in the FES, Drax believes that Canada could be an ideal location to deploy BECCS, given its access to one of the world’s greatest fibre baskets, well-established sustainable forestry sector, and suitable geology for CO2 storage.
In Canada, Drax has invested over $830 million in the Canadian forestry sector, supporting more than 10,000 jobs and contributing $1.1 billion to the nation’s GDP in 2021.
