Drax In Talks With UK Government For £2 Billion CCS Project ...Middle East

OILPRICE - Economy
Drax In Talks With UK Government For £2 Billion CCS Project
source : OILPRICE ( Middle East ) () 29
British power giant Drax surged by 5% in early trading on Thursday after it disclosed that it was in talks with the government about a proposed carbon capture project.  Britain intends to bolster its energy security and independence through investment to move towards more affordable and cleaner energy sources.  One such initiative includes carbon capture and storage projects.  Drax aims to capitalize on this push and develop a £2 billion CCS project alongside its 2.6 GW biomass power plant in northern…

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