WBFeb22pgs_cs.qxp_Wood Bioenergy Magazine 1/14/22 7:26 PM Page 8
■ in the news Enviva Continues Pellet Growth Enviva announced that on December 31 it converted from a master limited partnership, Enviva Partners, LP, to a corporation named Enviva Inc. As part of the conversion, each outstanding limited partnership unit was exchanged for one share of Enviva Inc. common stock. “This represents an important milestone for Enviva as we complete the evolution of our same great business into an even better corporate structure,” comments John Keppler, Chairman and CEO. “This conversion creates an opportunity for investors worldwide to participate in the significant accretion we see ahead of us, whether by directly investing in Enviva Inc. or investing passively through one of the many indices for which we are now eligible.” Enviva Inc. is the world’s largest
8
producer of industrial wood pellets, owning and operating 10 plants with a combined production capacity of 6.2 million metric tons per year in Virginia, North Carolina, South Carolina, Georgia, Florida and Mississippi. Enviva sells most of its wood pellets through long-term, take-orpay off-take contracts with customers in the United Kingdom, the European Union and Japan. Enviva exports its wood pellets to global markets through its deep-water marine terminals at the Port of Chesapeake, Va., Port of Wilmington, NC, and Port of Pascagoula, Miss, and from third-party deep-water marine terminals in Savannah, Ga.; Mobile, Ala.; and Panama City, Fla. With regard to ongoing projects, Enviva reports that construction of the industrial wood pellet plant in Lucedale, Miss. is nearing completion, and its terminal at the Port of Pascagoula also remains on track to receive, store and load produc-
tion from the Lucedale plant. An expansion at the Northampton, NC pellet plant is complete and an expansion at the Southampton, Va. plant continues its commissioning ramp. Construction on the existing Greenwood, SC plant expansion is also nearing completion. Enviva has acquired projects at 15 plant sites, all in various stages of evaluation and development. One of these acquired sites is the fully contracted Epes, Ala. plant, which is currently under development. Enviva expect to commence construction there in early 2022. The Epes plant is designed and permitted to produce more than 1 million MTPY of wood pellets, which would make it the largest wood pellet production plant in the world. A prospective production plant in Bond, Miss. is the next most likely to be constructed, and is being developed to produce between
Wood Bioenergy / February 2022
CLICK HERE IF YOU HAVE NOT ALREADY OPTED IN!
