Graanul - comment

Drax confirmed in a RNS that it has a Heads of terms agreed with UK Government for low carbon dispatchable CfD, ensuring Drax’s biomass plants remain operational post 2027.  This is a positive for Graanul in the short to medium term, but Drax itself continues to develop its pellet production capabilities.  Further information will be released by Drax at its FY24 results on 27th February.