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February 19, 2018

Enviva completes acquisition of wood pellet plant from Portuguese company

Enviva completes acquisition of wood pellet plant from Portuguese company

Enviva Holdings announced that it has completed the acquisition of a wood pellet production plant in Greenwood, South Carolina and related assets from The Navigator Company, S.A., a Portuguese paper and pulp company.

The Greenwood plant, which is located in a deep natural resource basin, employs nearly 80 full-time employees. Enviva intends to make investments in the Greenwood plant to improve its operational efficiency and add additional emissions control equipment that the company expects will increase its production capacity to 600,000 metric tons of wood pellets per year by 2019, subject to receiving the necessary permits.

“Enviva is very excited to formally welcome the Greenwood team to the Enviva family,” said Royal Smith, Enviva’s Executive Vice President of Operations. “Together, we look forward to growing this facility in partnership with the Greenwood community and our sustainable supply chain that includes forest landowners, loggers, truckers and the mechanical, and other service providers essential to keeping a world-class manufacturing operation running smoothly.”

Enviva’s combined plant operations now include seven manufacturing sites in Virginia, North Carolina, South Carolina, Mississippi, and Florida, with an eighth under construction in Richmond County, North Carolina. In total, these facilities will represent more than 4 million metric tons of wood pellet production capacity on an annual basis.

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