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Drax expands global reach with £226m deal for Canadian wood pellet supplier

08 February 2021

Drax expands global reach with £226m deal for Canadian wood pellet supplier

Energy firm Drax has bought a Canadian wood pellet group as it drives forward a push towards renewable energy.

The Selby firm has announced a £226m deal for Pinnacle Renewable Energy, which is listed on the Toronto Stock Exchange and operates biomass sites in Canada and the US.

Read more on Business Live.

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