Companies in the timber industry / Daily News / Global Trends / Statistics / Wood pellets / Wood Products / Europe / Global
November 25, 2019
UK’s Drax plans to increase its wood pellet capacity up to 5 million tons
Drax Group plc released a trading statement on Nov. 19 announcing the company plans to have 5 million metric tons of annual pellet capacity in place by 2027. The increased capacity is expected to help reduce biomass costs. Drax, through its Drax Biomass subsidiary, currently has 1.5 million metric tons of wood pellet capacity in place. In its 2019 half-year results, the company announced plans to boost capacity by 350,000 metric tons at its three existing U.S. pellet plants over the next two years. Drax now says it is also evaluating options ...
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