Dec 13, 2017

Dell in collaborative initiative to combat ocean plastics

Waste Management
Sustainability
Sophie Chapman
2 min
“We’re building a track record in managing these low-carbon solutions,” Jan Erik Saugestad, CEO of Storebrand Asset Management, told Reuters, saying they were also reducing Storebrand’s overall exposure to oil and gas.  “We aim to inspire others to follow suit”, he said.
The computer technology company, Dell, has partnered with Lonely Whale, the positive impact company, on a collaborative initiative that will...

The computer technology company, Dell, has partnered with Lonely Whale, the positive impact company, on a collaborative initiative that will see less waste enter the ocean.

Dell announced the collaboration on 12 December, and by doing so has pledged to decrease the volume of plastic and nylon litter and waste it generates before it can enter the ocean.

“Collaboration is critical to addressing the issue of ocean plastic at scale,” stated Kevin Brown, Chief Supply Chain Officer at Dell.

“I’m thrilled to partner closely with leaders across industries to advance our collective interest in creating solutions that create value from waste.”

95% of the value of plastic packaging is lost from the economy, says the Ellen MacArthur Foundation, totally an annual loss between $80bn-$120bn.

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The Foundation also argues that by 2050, the ocean will contain more plastic than fish, in regards to weight.

The NextWave initiative plans to develop a new supply chain model that can reduce the scale of ocean-bound plastic, with aims to divert 3mn pounds of plastic from the ocean.

The new supply chain model will also have social and economic benefits for companies that are involved.

The first set of companies involved in the initiative includes Trek Bicycle, Herman Miller, Bureo, Humanscale, General Motors, and Interface.

“The oceans are facing a plastic pandemic and it is critical for companies to take ownership of their supply chains and for consumers be aware of how their everyday choices can have a lasting legacy,” reported the UN’s Environment Executive Director, Erik Solheim.

“We welcome Dell and Lonely Whale for organizing this working group and spearheading what we hope will be a catalyst to innovation that can only be achieved by working together.”

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Apr 23, 2021

Drax advances biomass strategy with Pinnacle acquisition

Drax
Biomass
Sustainability
BECCS
Dominic Ellis
2 min
Drax is advancing biomass following Pinnacle acquisition it reported in a trading update

Drax' recently completed acquisition of Pinnacle more than doubles its sustainable biomass production capacity and significantly reduces its cost of production, it reported in a trading update.

The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.

The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).

Drax CEO Will Gardiner said its Q1 performance had been "robust", supported by the sale of Drax Generation Enterprise, which holds four CCGT power stations, to VPI Generation.

This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.

In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.

The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.

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