Companies in the timber industry / Daily News / Global Trends / Wood pellets / Wood Products / Global / North America
June 22, 2020
Enviva to acquire two pellet plants
Enviva Partners LP announced on June 18 it has agreed to purchase a wood pellet plant located in Waycross, Georgia, associated export terminal capacity in Savannah, Georgia, and a wood pellet plant located in Greenwood, South Carolina. The Waycross plant and Savannah terminal assets are being acquired from Innogy SE for $175 million in cash, subject to customary adjustments. The transaction is expected to close in the third quarter of this year. The Waycross plant has been operating since 2011 and has a production capacity of approximately 800,000 tons per year ...
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