Drax Group plc released 2022 financial results on Feb. 23, reporting that the company produced 3.9 million metric tons of wood pellets at its North American facilities last year, up 27 percent when compared to the 3.1 million metric tons produced in 2021. According to Drax, the increased wood pellet production reflects a full 12 months’ worth of production from Pinnacle’s plants following the April 2021 acquisition. It also reflects increased capacity at the company’s Morehouse and LaSalle facilities in Louisiana. In addition, Drax commissioned three new pellet plants last year, including the Demopolis plant ...