![]() New research published today by Foresight Transitions, a specialized consultancy led by a team from Imperial College, London, concludes that BECCS is necessary to help the United States achieve its ambitious decarbonization scenarios, deliver a zero-carbon power system by 2035 and become net-negative by 2050. The delivery of this project will continue to be handled by a UK-based team within Drax Group. ![]() The Government has also recently recognized the important role which biomass can play in delivering the UK’s plans for Net Zero as well as supporting energy security. In the UK, Drax’s plans for installing BECCS onto its Power Station in Yorkshire and its transformation into the world’s largest carbon removals facility have recently been granted planning approval by the UK Government. Laurie will also use her experience to collaborate with strategic partners drawn from the scientific, academic, consulting, investment and construction communities, in addition to civil society, so as to accelerate the global deployment of carbon dioxide removals technology. It will have day-to-day responsibility for project execution including project development, delivery and marketing and sales of CDR credits and power and deployment of the Group’s multi-billion-dollar global BECCS capex program. Laurie and her team will take ownership for delivering the Group’s strategy for BECCS in the US and internationally as set by the board of Drax Group plc. Drax intends to formally launch this new entity in the United States later this year and Laurie will be supported by a highly skilled management team with a track record of success in tackling climate change through the development and delivery of innovative technologies. It will be led by Laurie Fitzmaurice, a senior energy infrastructure expert, who has nearly 30 years of experience in business development around the world, most recently for Amazon Web Services. The business will be operationally separate within the Drax Group and headquartered in Houston in the United States. Working with coalition partners, the new business will offer a compelling proposition that combines Drax’s expertise in BECCS with the latest climate science and it will have an ambitious goal to remove at least 6Mt of CO2 from the atmosphere annually. Large-scale carbon removals, including BECCS, are widely regarded by the scientific community as being critical to meeting this challenge. The recent “global stocktake” at COP28 warned of the need to move faster to tackle the climate emergency. Learn more about how the Partnership’s Houston Energy Transition Initiative and the region are leading the energy transition at the Future of Global Conference June 7-9.Global renewable energy company Drax Group plc has announced that it plans to establish a new independent business unit that will focus on becoming the global leader in delivering large-scale and high-integrity carbon removals. ![]() These types of business announcements serve as a testament to Houston’s position as a leader in accelerating global solutions for an energy-abundant, low-carbon future. “With the growing global demand for high-quality carbon removals, Houston was a natural fit for our BECCS headquarters as it is the energy capital of the world with a proven, highly skilled workforce that will be needed to lead the world’s clean energy transition,” said Drax CEO Will Gardiner. This strategic move positions Drax at the forefront of the sustainable bioenergy revolution combined with carbon capture and storage. In addition to Carbon Clean's expansion, Drax, a renewable energy company, has also chosen Houston as the location for its North American headquarters focused on attracting more Bioenergy with Carbon Capture and Storage (BECCS) projects to the U.S. In response to this growing demand for its CycloneCC technology, the company has announced its intention to double its U.S. With over four years of active presence in the U.S., Carbon Clean foresees the country becoming its largest market. one of the best places in the world to develop industrial carbon capture projects. inquiries since August 2022.Īniruddha Sharma, Chairman and CEO of Carbon Clean, said he recognizes the favorable conditions created by the IRA, making the U.S. As a result, Carbon Clean says it has experienced a 64 percent increase in U.S. Inflation Reduction Act, which has driven up demand for industrial carbon capture technology. This decision comes in the wake of the U.S. headquarters, marking a significant milestone in the company's North American expansion. Houston is reaffirming its global leadership in the energy transition as two major carbon capture and storage technology companies expand their presence in the region.Ĭarbon Clean, a UK-based startup specializing in carbon capture technology, recently selected Houston as the location for its U.S.
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