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
Hugo Drax has red hair, and half of his face is badly scarred from a German attack during the war. The same incident left him with amnesia. He is 6 ft (183 cm) tall. After the war, Drax made a fortune from trading metals in Tangier and was able to start up his company, "Drax Metals Ltd", which specialises and has a monopoly in the production of a metal called columbite. Drax is also the backer of the 'Moonraker' missile project being built to defend the United Kingdom against its Cold War enemies. The metal columbite gives a missile's engine an extra