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Classified in: Oil industry
Subject: CSR

Drax Announces $250,000 Gloster Community Fund


Latest commitment will fund additional educational and community efforts in the town of Gloster, Mississippi where Drax operates

MONROE, La., April 23, 2024 /PRNewswire/ -- Renewable energy company Drax announced today a $250,000 commitment to create the Gloster Community Fund, a fund earmarked exclusively for initiatives that will improve quality of life and support grassroots activities in Gloster, Mississippi, where Drax operates a wood pellet production facility.

Following community outreach and conversations, senior Drax leadership visited with Gloster community members and town leadership in March 2024 to discuss actionable items to meet the needs of the community. From those meetings, opportunities were identified where funding from Drax could help, including educational and recreational outlets for local youth and the creation of a community advisory panel.

"Our continued investment in Gloster aligns with our core values of sustainability and community engagement," said Matt White, Drax Executive Vice President of North America Operations. "This latest investment is a direct result of working with community members where we operate, and it represents Drax's ongoing commitment to listening to the concerns and desires of the people to take steps to respond."

The latest commitments from Drax to Gloster residents include:

"I am delighted to see Drax's continued commitment to our town," said Jerry Norwood, Mayor of Gloster. "It's not just dollars Drax is donating, but resources and time. Their investment not only boosts our local economy, but also underscores Drax's dedication to our community's growth and success."

Prior to the community investments announced today, Drax donated $130,000 towards the creation of a walking track in the Gloster area, committed to fund the installation of air conditioning systems at the National Guard Armory Building, organized a turkey giveaway event for 200 households in Amite County during the 2023 holiday season, sponsored STEM-focused programs for children, and provided financial assistance to local groups following natural disasters.

To learn more about the Drax Foundation and Drax's efforts in Mississippi, visit www.drax.com/ms.

About Drax 

Drax Group's purpose is to enable a zero carbon, lower cost energy future and in 2019 announced a world-leading ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) technology. 

Drax's approximately 3,000 employees operate across three principal areas of activity ? electricity generation, electricity sales to business customers and compressed wood pellet production and supply to third parties. For more information, visit www.drax.com.

SOURCE Drax Group


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