Enviva Holdings, LP, through its joint venture, Enviva JV Development Company, LLC, 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.
This acquisition is the first investment by the new joint venture, which was recently created by Enviva to acquire, develop and construct wood pellet production plants and deep-water marine terminals in the Southeastern United States.
The Greenwood plant, which is strategically 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’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.
Enviva Holdings, LP is the world’s largest producer of industrial wood pellets, a renewable and sustainable energy source used to generate electricity and heat. Through its subsidiaries, Enviva Holdings, LP owns and operates wood pellet processing plants and deep-water export terminals in the Southeastern United States.
