LONDON — British power generator Drax could invest up to $12.5 billion developing biomass plants with carbon capture and storage (BECCS) in the US over the next decade. Drax, which generates around 6% of Britain’s electricity, said it is still committed to the UK but sees opportunities in the US for its technology. Its new Houton-based business, Elimini, is reviewing more than 20 potential sites for BECCS projects and has around 100 staff. Elimini plans to have its first U.S. project up and running by the end of 2030 which will require a $2.5 billion investment, CEO Will Gardiner said. …The company said that, as well as the BECCS plant capturing the emissions it creates by burning pellets, the absorption of greenhouse gases during the growth of the wood means its overall impact will be carbon negative, enabling it to generate carbon removal credits. …Drax said it had already entered 11 carbon removal deals with eight companies.

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