Activists in London and Yorkshire call on government to ‘axe Drax’, which they claim receives £1m a day in renewable energy subsidies
Drax faced protests during its annual general meeting in London over its use of public subsidies to support...
Drax Group Plc said it expects core profit for 2016 to be towards the top end of market forecasts, after it signed a contract with National Grid Plc to provide services that would help ensure British electricity transmission systems work reliably.
On March 16, Rentech Inc. released its financial and operating results for the fourth quarter and full year ended Dec. 31, reporting the company’s fiber businesses Fulghum Fibers and New England Wood Pellets generated record EBITDA in 2015.
Despite a tough year influenced by severe deterioration of the commodities market and a challenging regulatory environment, Drax had a very good operational year and stands ready to convert more units to biomass, said CEO Dorothy Thompson.
British power producer Drax may decide to mothball its coal-fired power generation units, the company said on Tuesday, as part of a strategy review triggered by competition from cheap gas and renewables.