View original ↗on drax.com
deal · 31 January 2024
Drax ↔ Molpus Woodlands Group
Drax: an option to buy of 1,000,000 t of bioenergy with carbon capture and storage removal from Molpus Woodlands Group.
BuyerDrax
SupplierMolpus Woodlands Group
Tonnes1,000,000 t
Capture pathwayBioenergy with carbon capture and storage
Storage mediumgeological
Commitment typeoption
Deal structureofftake
Source pathway descriptionbioenergy with carbon capture and storage (BECCS) operations; sustainably sourced woody biomass including forest thinnings and residues left over from timber harvesting to fuel BECCS for renewable baseload power generation and carbon dioxide removal
Storage descriptioncarbon capture and storage technology for permanent carbon dioxide removal
Delivery windowlong-term fiber supply agreement
Project locationSoutheast US
NotesOption to purchase up to 1 million green tons per year under long-term fiber supply agreement. Drax states intent to capture 6 million metric tonnes of carbon annually in the US through BECCS. Carbon dioxide removals to be sold as credits on the voluntary carbon market. Fiber meets Drax's high sustainability standards.
Durability defaultedtrue
Previous durabilitydurable-1000y
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
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