Enviva Holdings, LP (“Enviva”) announced that it exercised an option with the Jackson County Port Authority to lease property in the Bayou Casotte Harbor in the Port of Pascagoula, Mississippi, where it plans to build and operate a deep-water marine terminal.
Enviva intends to use the Pascagoula terminal to ship sustainably sourced wood pellets under long-term contracts with customers across Europe and Asia who are seeking to reduce their carbon footprint.
Enviva plans to invest over $60 million to build the new Pascagoula terminal,which is expected to directly employ approximately 30 full-time workers and support about 150 direct and indirect jobs during construction.
Exercising the lease option allows Enviva to prepare the site for construction of the Pascagoula terminal, which it expects to complete in the second half of 2020.
The Pascagoula terminal is designed to handle approximately three million metric tons of wood pellets annually and will allow Enviva to construct several wood pellet production plants in Mississippi and Alabama, with the first plant expected to be built in Lucedale, Mississippi simultaneously with the Pascagoula terminal.
The Pascagoula terminal will be capable of receiving product by rail, barge, and truck, storing up to 90,000 metric tons of wood pellets on site, and supporting Panamax-sized vessels.
Enviva Holdings, LP is the world’s largest producer of industrial wood pellets.
