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Drax aims to become carbon negative by 2030

British generator Drax Group PLC on Dec. 10 announced a goal to become carbon negative by 2030 by using bioenergy with carbon capture and storage, or BECCS.

The technology will remove more carbon dioxide from the atmosphere than it produces, according to Drax, allowing the company to have a carbon negative footprint.

Speaking at a Powering Past Coal Alliance event at COP 25 in Madrid, CEO Will Gardiner said Drax's goal will depend on effective negative emissions policy and an investment framework being developed by the U.K. government to address the climate crisis.

Drax is operating a BECCS pilot at its power station, which captures a ton of carbon dioxide daily. Using BECCS at Drax's biomass generating units at its power station in North Yorkshire, England, will allow the company's operations to capture 16 million tons of carbon dioxide yearly, according to a news release.

The company plans to close its remaining two coal generating units at Drax Power Station by 2025. Using carbon capture technology at its biomass power plants will make Drax's operations carbon negative by 2030, the company said.