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Drax Power reports that it has successfully concluded what is believed to be the ...

Drax Power reports that it has successfully concluded what is believed to be the country's first sulphur trade based on trading standards developed by Drax Power. ‘The trade represents an important step in discovering the value of flue gas desulphurisation (FGD) technology at power stations,’ states the company. The regulatory framework for tradeable sulphur dioxide (SO2) allowances from England and Wales' coal and oil-fired power generators came into effect on 1 October 2005. The scheme has evolved from a permit-based regime and paves the way for cost effective and efficient approaches to emissions abatement. Drax Power has long been an advocate of a market that values environmental performance. It views this latest development as ‘an important step in delivering against the country's environmental objectives whilst maintaining the benefits of security of supply and affordability so crucially delivered by coal-fired power stations’.

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