UK utility Drax agrees to sell gas assets to Vitol to focus on carbon negative ambitions

Published 14:37 on December 15, 2020  /  Last updated at 23:48 on December 15, 2020  /  EMEA, EU ETS, UK ETS  /  No Comments

Drax has struck a deal to sell four gas power plants to energy trader Vitol, as the UK utility sheds its carbon allowance demand and shifts its focus to its biomass-based route to negative emissions.

Drax has struck a deal to sell four gas power plants to energy trader Vitol, as the UK utility sheds its carbon allowance demand and shifts its focus to its biomass-based route to negative emissions.

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