Drax Group to sell 25,000 tons of CDRs from its BECCS at $350/ton

In Texas, Drax Group announced a new carbon removals deal with Karbon-X. The agreement is the latest indicator of growing demand for high-quality carbon removals from bioenergy with carbon capture and storage (BECCS).

Karbon-X will purchase carbon dioxide removals (CDR) credits from Drax representing 25,000 metric tons of permanently stored carbon at $350 per tonne under the terms of the agreement. The deal, which will occur over a five-year period starting in 2030, is linked to Drax’s planned deployment of carbon negative BECCS in the United States.