New report finds Drax Contributes $1 Billion to Canadian Economy

By Drax Group
Cision Newswire
September 16, 2024
Category: Business & Politics
Region: Canada, Canada West

VANCOUVER, BC — A new economic analysis by MNP, one of Canada’s leading research firms, has found that Drax Group contributed $1 billion towards the Canadian economy and supported more than 3,000 jobs in 2023. The study measured the economic impact of Drax’s Canadian operations, which includes 10 pellet plants across BC and Alberta, producing sustainable biomass wood pellets to generate renewable power in the UK and Asia. …The report also showed Drax’s commitment to sourcing from local suppliers by purchasing nearly 75% of its goods and services from those based within the respective province of their operations, which further supports local jobs and economies. Of the purchases made from suppliers outside of the province, over 90% are from Canadian businesses said Liezl van Wyk, Drax’s VP of Northern Operations. …”Our research demonstrates the economic impact that Drax Group has made,” said Susan Mowbray, Partner at MNP.

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