Drax Group plc has provided an update on the Track-1 expansion process, which involves large-scale Power BECCS (Bioenergy with Carbon Capture and Storage) projects. The Department for Energy Security & Net Zero (DESNZ) has indicated that these projects will be eligible to participate in the expansion of the Track-1 carbon cluster sequencing process. DESNZ has also proposed running the Track-1 expansion and Track-2 processes in parallel, subject to capacity and ministerial approval. The Viking CCS cluster and the East Coast Cluster are the potential routes that could support the Drax Power Station BECCS project and wider CCS in the Humber region by 2030. Shortlisted projects are expected to commence negotiations from Autumn 2024. Drax CEO, Will Gardiner, welcomed the government's draft position and urged them to progress with both processes in parallel.
In addition, the UK Government published a Biomass Strategy in August 2023, which outlined the potential role of biomass in achieving net zero. The strategy highlighted the importance of BECCS in providing large-scale carbon dioxide removals and its priority role in meeting net zero plans. Drax has been engaged in bilateral discussions with the government regarding a potential bridging mechanism between the end of current renewable schemes in 2027 and the commissioning of BECCS at Drax Power Station.
Overall, these developments are seen as a positive step forward for BECCS in the UK and the wider fight against climate change. The government's support for BECCS and the potential expansion of the Track-1 process are crucial for achieving net zero and investing in new green technologies. Drax Group welcomes the government's draft position and encourages progress on both the Track-1 expansion and Track-2 processes.