The Drax Group, whose U.K. power stations generate electricity using wood pellets produced from sustainable low-value commercial forestry residues, is also a major supplier of those pellets worldwide. Now it is looking for a greener way to get them from North America, where its pellets business is based, to power stations in Japan.
It is partnering with Japan’s MOL Drybulk to develop pellet carriers fitted with MOL’s Wind Challenger hard sail technology, with first ship expected as soon as 2025.
D...