Posted September 14, 2018
Enviva Holdings, LP announced that its previously disclosed take-or-pay off-take contract to supply Sumitomo Corporation with 250,000 metric tons per year of wood pellets is now firm, as all conditions precedent to the effectiveness of the contract have been satisfied. Deliveries under the contract are scheduled to commence in 2021 and continue through 2036.
Enviva Holdings, LP is the world’s largest producer of 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.