Drax power station build a 626 MW oxygen-fuelled combustion power station adjacent to the existing Drax site. National Grid would simultaneously construct a pipeline to transport to the Yorkshire coast for sequestration. In July 2014 the project was awarded €300 million funding from the European Commission. In September 2015 Drax announced it would not be making any further investments into the CCS scheme after completion of the feasibility study because negative changes to government support for renewable energy had made the project too financially risky, plus drops in the company's share price due to the same uncertainty had reduced Drax's ability to raise
Drax power station Generating Board. Since privatisation in 1990 ownership has changed several times, and it is operated by the Drax Group. Completed in 1986, it is the newest coal-fired power station in England, flue gas desulphurisation equipment was fitted between 1988 and 1995; high and low pressure turbines were replaced between 2007 and 2012. Because of its large size, the station is the UK's single largest emitter of carbon dioxide. By 2010, the station was co-firing biomass. In 2012, the company announced plans to convert three generating units to solely biomass, burning 7.5 million tonnes imported from the United States and Canada.