Drax Group plc on Dec. 1 announced plans to double its biomass pellet production to 8 million metric tons per year by 2030. The company also announced commissioning is nearly complete at its facility in Demopolis, Alabama. Drax made the announcements as part of its capital markets day release and a separate trading update, both released on Dec. 1. Drax currently has 13 operational pellet plants with a combined nameplate capacity of approximately 4 million metric tons. Capacity will soon increase to 5 million metric tons with two additional plants currently undergoing ...
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