The power station has paid out millions over alleged overpollution in US south, investigation finds
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British power generator Drax has signed a memorandum of understanding with carbon finance firm Respira International which could see Drax sell up to 2 million carbon removal credits from proposed biomass projects in the United States, the companies said on Wednesday. Drax is developing technology to capture and store emissions generated at its power plants which burn wood-based biomass pellets in Britain and is seeking to build similar projects in the United States by the mid- to late 2020s. Under the memorandum of understanding announced on Wednesday Respira International has the option to buy up to 2 million tonnes of carbon removals over a five-year period from future Drax operations in the Unites States.