Drax Group (DRX)

Sector:

Electricity Generation and Distribution

Index:

FTSE 250

258.60p
   
  • Change Today:
    -5.60p
  • 52 Week High: 334.20
  • 52 Week Low: 126.40
  • Currency: UK Pounds
  • Shares Issued: 396.91m
  • Volume: 487,308
  • Market Cap: £1,026.42m
  • RiskGrade: 307

Drax kicks off first biomass carbon capture scheme

By Oliver Haill

Date: Friday 08 Feb 2019

LONDON (ShareCast) - (Sharecast News) - Drax is the first company in the world to capture carbon dioxide from its biomass-burning power station as it looks to become the first in the industry with negative emissions.
Using bioenergy carbon capture and storage technology from C-Capture, one tonne of CO2 is being prevented from entering the atmosphere each day from a demonstration wood-burning plant at Drax in North Yorkshire.

Drax is still seeking ways to store and use the captured CO2 and how to scale up the BECCS pilot to deliver negative emissions.

Drax has invested £400,000 in the pilot, which it said could be the first of several projects to deliver a rapid, lower cost demonstration of BECCS.

The company could capture 50m tonnes of carbon dioxide per year by 2050, approximately half the nation's emissions target, according to estimates from The Royal Society and Royal Academy of Engineering.

"This innovative technology has the potential to make huge strides in our efforts to tackle climate change while kick-starting an entirely new cutting-edge industry in the UK," energy and clean growth minister Claire Perry said.

Drax chief executive Will Gardiner said: "Proving that this innovative carbon capture technology works is an exciting development and another important milestone in our BECCS project."

He added that the company was working with the government and other businesses on ways in which the carbon dioxide being captured can be stored or used in other processes.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Drax Group Market Data

Currency UK Pounds
Share Price 258.60p
Change Today -5.60p
% Change -2.12 %
52 Week High 334.20
52 Week Low 126.40
Volume 487,308
Shares Issued 396.91m
Market Cap £1,026.42m
RiskGrade 307

Drax Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.91% above the market average87.91% above the market average87.91% above the market average87.91% above the market average87.91% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
6.69% above the market average6.69% above the market average6.69% above the market average6.69% above the market average6.69% above the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average
Income
91.08% above the market average91.08% above the market average91.08% above the market average91.08% above the market average91.08% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
81.21% above the market average81.21% above the market average81.21% above the market average81.21% above the market average81.21% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 8
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 10
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Drax Group Dividends

  Latest Previous
  Final Interim
Ex-Div 23-Apr-20 19-Sep-19
Paid 15-May-20 11-Oct-19
Amount 9.50p 6.40p

Trades for 14-Jul-2020

Time Volume / Share Price
16:35 241,989 @ 258.60p
16:29 481 @ 260.60p
16:29 600 @ 260.60p
16:28 73 @ 260.20p
16:28 46 @ 260.00p

Drax Group Key Personnel

Chair Philip Cox
CEO Will Gardiner
CFO Andy Skelton

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