BAB is a trade association that incorporates the British-American Chamber of Commerce in the US and the American Chamber of Commerce in the UK.
The organisation’s Transatlantic Growth Awards are an annual event, held to highlight the stories of businesses of all sizes that underpin the trade and investment relationship between the UK and the USA.
Drax received the award for its plans to deploy and develop the large-scale and high-integrity carbon removals technology bioenergy with carbon capture and storage (BECCS) in the US.
In 2024, Drax announced it would establish a new independent business unit which is focused on becoming the global leader in carbon removals.
The new business will be headquartered in Houston, Texas, and will oversee the development and construction of new-build BECCS plants.
In the UK, Drax currently generates around 8% of the UK’s renewable power and has played a crucial role in decarbonising the country’s energy system through converting North Yorkshire’s Drax Power Station to biomass generation. The company also plans to install two BECCS units at the Selby site.
Drax’s Group Director of Corporate Affairs, Ross McKenzie, accepted the award on behalf of the company at a ceremony at the Institute of Directors in London.
Duncan Edwards OBE, BritishAmerican Business’ CEO, said:
“The strength of the US-UK trade and investment relationship is underpinned by organisations like Drax, who look across the Atlantic as a source of innovation, stability, and prosperity. We are pleased to recognise their commitment to investing in the future of carbon capture and sustainable energy in the United States.”
Ross McKenzie said:
“I am delighted to accept this award on behalf of Drax. It is an honour for Drax to be recognised by BritishAmerican Business for the role that we play and the plans we have on both sides of the Atlantic.
“Our mission is to enable a zero carbon, lower cost energy future. We are developing options to build BECCS facilities in the US and also at Drax Power Station in the UK that will generate millions of permanent, high-integrity carbon removals as well as 24/7 power to compliment other sources of renewable energy.
“Receiving this award reflects our commitment to continue exploring innovative ways to power economic growth and benefit communities while preserving our planet for future generations.”
ENDS
Notes to Editors:
Media contacts:
Andy Low
Media Manager
E: [email protected]
T: 07841 068 415
About Drax:
Drax Group’s (Drax) purpose is to enable a zero carbon, lower cost energy future and in 2019 announced a world-leading ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) technology.
Drax’s c.3,500 employees operate across three principal areas of activity – electricity generation, electricity sales to business customers and compressed wood pellet production and supply to third parties. For more information visit www.drax.com
About BritishAmerican Business:
BritishAmerican Business is the leading transatlantic trade association incorporating the British-American Chamber of Commerce in the US and the American Chamber of Commerce in the UK.
We are committed to strengthening the economic corridor between the United States and the United Kingdom by supporting policies and actions that protect and enhance the environment for transatlantic trade and investment on behalf of our members.
We convene and serve a growing network of companies and business leaders through networking opportunities, bespoke programming and marketing platforms.
We actively promote trade and investment and support those who make the transatlantic corridor part of their business growth ambition.
