Drax soon to acquire stake in two US pellet works

Following the takeover of Pinnacle Renewable Energy Group Inc. of Vancouver in British Columbia, Canada, completed in mid-April 2021, Drax Group plc of London, UK, also wants to acquire the 20% stake held by The Westervelt Co. Inc. of Tuscaloosa, Alabama, in the joint venture Alabama Pellets LLC. The 70% held by ...

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