Drax has partnered with Japanese shipping company MOL Drybulk to drive down the carbon emissions of shipping.
The companies will develop a wind power technology that will allegedly cut biomass shipping emissions by one-fifth.
Drax has joined forces with the business as part of its plans to cut the emissions of its supply chain, as it looks to become carbon-negative by 2030.
Wind-powered vessels will transport Drax’s wood pellets to Japan, with these then used to create renewable energy.
The partners expect MOL’s first ship to sail into the water with the technology in 2025.
Drax Group Chief Executive, Will Gardiner, said: “This partnership to advance this crucial new technology will support Drax’s commitment to reduce its own supply chain emissions and could also deliver far-reaching benefits across a number of different sectors that rely on ships to carry goods to customers around the world.”
Kazuhiko Kikuchi, President and Representative Director of MOL Drybulk, added: “We are extremely excited to work together with an innovative company such as Drax. This partnership will help us have a positive impact on how wood pellets and other cargoes are transported across the world.”