U.K.-based Peel Ports Group has announced plans for a new biomass terminal at the Port of Liverpool that will be capable of handing up to 3 million metric tons of pellets per year. The facility will supply pellets to the Drax power station in Selby.
Drax Group plc has issued a trading update, reporting progress with its U.S. pellet plants and providing an update of the company's biomass conversion projects. The trading update also addresses operational performance and contracted power sales.
Haven Power, the specialist electricity supplier to U.K. businesses and part of Drax Group plc, has signed a deal with Thames Water to supply their electricity requirements in a deal worth more than GBP 500 million ($769.31 million) over five years.
On April 7, the first vessel sailed away from Drax Biomass' Baton Rouge port facilities to the Port of Tyne located on the U.K.'s East Coast. The MV TBC Princess was loaded with pellets from Drax Biomass’ southern pellet mills for power generation.
Drax Biomass has announced Peter Madden as its chief executive officer of U.S. operations. Madden has nearly 30 years' experience in the forestry industry and will play a critical leadership role as Drax's workforce and investment in the U.S. grows.
Executive Editor offers a congratulations to Ed Billington on the recent sale of his pellet distribution business to Drax and offers some thoughts on what it says about Drax and pellet business in general.
Drax has announced the acquisition of Billington Bioenergy Ltd., the U.K.'s second largest wood pellet distributor. The move signals the power generator's intention to enter the country's growing biomass heat sector.
The Drax Group Plc announced 2014 full-year financial results, with Chief Executive Dorothy Thompson reporting that Drax's biomass transformation project was the company's main priority over the past year.
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