Jan 25, 2018

edie’s Sustainability Leaders Awards 2018 results

UK
Sustainability
Sophie Chapman
2 min
edie hosts Sustainability Leaders Awards in Hilton London on Park Lane
On 24 January, edie hosted its Sustainability Leaders Awards 2018 in the UK’s capital city, London. The environmental ne...

On 24 January, edie hosted its Sustainability Leaders Awards 2018 in the UK’s capital city, London.

The environmental news and information resources firm, edie, held its annual Sustainability Leaders Awards ceremony.

The company received a record-breaking amount of entries this year, which were narrowed down to 130 finalists, from which 17 winners were chosen.

Big names – such as O2, Adnams, Co-op, Royal Mail, and Virgin Atlantic – were among the winners of awards that spread across a range of sectors.

The categories included energy, waste and water management, employee engagement and behaviour change, and sustainable transport and travel.

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“During these times of uncertainty, challenge and controversy, it is crucial that we tell our sustainability success stories to more people, louder and prouder than ever before,” stated Luke Nicholls, Editor of edie, as he opened the ceremony.

“We must take every opportunity to emphasise the urgency of our work and underline that this is how we do business,” he added.

“A greener economy can deliver, clean technologies can work, and sustainability and profitability can go hand-in-hand – as evidenced by all of our 2018 Sustainability Leaders Awards finalists.”

The Co-op won the award for Sustainability Reporting, Virgin Atlantic were award for its Employee Engagement and Behaviour Change, and the category of Carbon Management was handed to Royal Mail.

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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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