Independent analysis illustrates the positive impact of Drax's wood pellet operations and how it helps support more than 3,000 Canadian jobs

VANCOUVER, BC, Sept. 16, 2024 /CNW/ -- A new economic analysis conducted by MNP, one of Canada's leading professional services and research firms, has found that Drax Group contributed $1 billion towards the Canadian economy and supported more than 3,000 jobs in 2023.

Independent analysis illustrates the positive impact of Drax's wood pellet operations and how it helps support more than 3,000 Canadian jobs

VANCOUVER, BC, Sept. 16, 2024 /PRNewswire/ -- A new economic analysis conducted by MNP, one of Canada's leading professional services and research firms, has found that Drax Group contributed $1 billion towards the Canadian economy and supported more than 3,000 jobs in 2023.

Latest round of funding from the Drax Foundation will benefit five U.S. organizations

MONROE, La., June 18, 2024 /PRNewswire/ -- Renewable energy company Drax has announced that five U.S. non-profits will receive $291,585 as part of the Drax Foundation's latest round of donations. The non-profits receiving the donations are spread across Texas, Louisiana and Mississippi, and include The Boys and Girls Clubs of America (Mississippi), The Texas Alliance for Minorities in Engineering (TAME), The Houston Audubon, The Central Creativity Foundation, and The Gulf Center for Ecotourism and Sustainability. The funds will provide thousands of children across the southern U.S. with access to STEM education opportunities.

Latest round of donations will provide more than $960,000 committed to Canadian organizations  

VANCOUVER, BC, April 3, 2024 /CNW/ -- Drax today released an annual report for its Drax Foundation and Community Fund that shows more than $4.6 million has been donated to support communities across Drax's global operations. The renewable energy company focused on funding organizations that help underrepresented groups, advance gender equality, and support indigenous communities.

Latest round of donations will provide more than $859,000 committed to U.S. organizations

MONROE, La., April 3, 2024 /PRNewswire/ -- Drax today released an annual report for its Drax Foundation and Community Fund that shows more than $3.4 million has been donated to support communities across Drax's global operations. The renewable energy company focused on funding organizations that help underrepresented groups, advance gender equality, and support indigenous communities. Organizations that have benefitted from Drax's funding include those that improve STEM education, access to green spaces, and energy efficiency efforts in schools.

Through a pledge of $62,000, Drax will create a new scholarship fund, support existing funds, and become a sustaining member of LSU's Center for Energy Studies' endowment

MONROE, La., March 12, 2024 /PRNewswire/ -- Carbon removals and renewable energy company Drax Group today announced a new partnership with Louisiana State University (LSU) to support students and research associated with sustainable forestry and renewable energy. The collaboration will allow LSU and Drax to help advance energy innovation on a global level, while building on LSU's legacy of sustainable forestry and innovative energy research.

The sustainable fiber supplied will enable high-quality carbon removals, to be sold as credits on the voluntary carbon market

HOUSTON, Jan. 31, 2024 /PRNewswire/ -- Carbon removals and renewable energy company Drax Group has announced a new partnership with Molpus Woodlands Group (Molpus). The agreement will provide Drax with an option to purchase sustainably sourced woody biomass to fuel its bioenergy with carbon capture and storage (BECCS) operations in the US Southeast.