
Egypt and Italian Firms Advance $278M Bioethanol Project
Investment ministers discussed developments in a second-generation bioethanol initiative utilizing sugarcane bagasse with Italian partners Proger and Draxil.
18 stories found

Investment ministers discussed developments in a second-generation bioethanol initiative utilizing sugarcane bagasse with Italian partners Proger and Draxil.

JPMorgan has made several adjustments to its stock ratings, downgrading Limbach due to valuation concerns, resuming coverage of Drax Group with an overweight rating, and initiating coverage of Select Water Solutions also with an overweight rating.
Drax Group's H1 earnings call detailed the energy company's financial results and strategic initiatives for the first half of the fiscal year.
Drax has reached an agreement for an all-cash acquisition of BSIF valued at $755 million.

A thinktank reports that Drax, a North Yorkshire power plant, claimed a record £999 million in subsidies for burning trees in 2025, bringing its total to £8.7 billion since 2012, despite ongoing concerns about the sustainable sourcing of its wood pellets.

The owner of the Drax power plant in Yorkshire has begun reducing its use of controversial Canadian wood pellets and plans to stop burning them entirely within the next year, following criticism over its sourcing practices.

UBS has upgraded its rating on Drax shares, citing a recent commercial agreement with Bluefield that significantly improves the energy company's near-term earnings outlook.
Biomedical has inaugurated a new collection center in Drax Hall, Jamaica. This expansion aims to provide additional services to the local community.

The World Cup continued with various teams exiting the tournament, players making transfers, and political statements being made, including an appeal for Palestine. The event also sparked discussions about its impact on host cities and historical team performances.
Drax Group has paused its share buyback program following a £561 million deal with Bluefield Solar, a move that is expected to significantly boost renewable energy capacity in the UK.
Drax has successfully completed its $48 million acquisition of Flexitricity, a company specializing in demand-side response services.
Drax Group released highlights from its H2 earnings call.
Former WWE star Dave Bautista's net worth is estimated at $16 million, reflecting his successful transition to Hollywood, notably through his role as Drax in Marvel films.
Drax Group plc has announced its first-half adjusted basic earnings per share (EPS) of 29.80p.

The Financial Conduct Authority (FCA) has closed its investigation into Drax regarding concerns about the sustainability of its biomass sourcing. The city watchdog concluded its probe into the energy company.
UK power stocks, including SSE, Centrica, Drax, and Ørsted, fell following news of a proposal by Reeves to break the link between gas and electricity prices.
Drax Group plc has announced its financial results for the full fiscal year.

MPs are expressing deep concern and calling for a halt to Drax's substantial daily subsidy, alleging the power plant may have misled ministers and regulators regarding the sustainable sourcing of its wood pellets.