Drax owns the world’s largest biomass power station, located in the United Kingdom and wood pellet mills in the southern United States. The purchase of Pinnacle s 11 sites will increase the count to 17 pellet plants and development projects and boosts its production capacity to 4.9 million from 2.9 million. Drax will also gain a terminal in Prince Rupert. Pinnacle will operate as a subsidiary of Drax and remain headquartered in British Columbia. Over 480 Pinnacle employees are on Pinnacle s payroll. “This transaction marks the beginning of an exciting new future for Pinnacle, Pinnacle CEO Duncan Davies said in a statement. Drax is a world-class organization with an ambitious vision for sustainable biomass and a willingness to invest in the business.
Biomass Pellets Market Size, Share, Trend, Competitive Analysis, Growth & Forecast to 2026
Biomass Pellets Market Forecast to 2027 - Covid-19 Impact and Global Analysis - by Source (Agricultural Residue, Wood Sawdust, Others); End-Use (Power Generation, Industrial Heating, Commercial and Domestic Heating, Others ) and Geography
tipApril 13, 2021
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The acquisition positions Drax as the world s leading sustainable biomass generation and supply business. It received overwhelming support from both sets of shareholders with 95.97% of. | April 13, 2021
Drax Completes Acquisition of Pinnacle Renewable Energy Inc – Padovanews padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.