Drax Group Biomass Capacity Expansion and Cost Reduction

FTSE News FTSE 250

Drax Group plc (LON: DRX) Highlights · Targeting biomass self-supply capacity of five million tonnes by 2027 1.5 million tonnes of existing capacity, plus 0.35 million tonnes of low-cost capacity announced at the 2019 half year results Evaluating options for a further three million tonnes over the next seven years Supports target to reduce biomass cost by c.30 percent to …