Enviva Partners reports Hurricane Dorian has resulted in minimal impact to its operations

Enviva Partners reported that Hurricane Dorian has resulted in minimal impact to its operations. The partnership undertook substantial preparation in advance of Hurricane Dorian to keep employees safe and minimize disruption, including briefly idling operations at several of its pellet production facilities directly affected by the storm. 

As a precaution, the North Carolina State Ports Authority ordered the closure of the Port of Wilmington late Wednesday, September 4, which suspended operations at Enviva's deep-water marine terminal there. The port re-opened early Saturday, September 7, and the partnership immediately resumed normal operations at the Wilmington terminal. Based on initial assessments, Hurricane Dorian has not caused any material disruption in the partnership’s operations or damage to its production and terminal facilities.

Enviva Partners, LP is a publicly traded master limited partnership that aggregates a natural resource, wood fiber, and processes it into a transportable form, wood pellets. The Partnership sells a significant majority of its wood pellets through long-term, take-or-pay off-take contracts with creditworthy customers in the United Kingdom and Europe. The Partnership owns and operates seven plants with a combined production capacity of over 3.5 million metric tons of wood pellets per year in Virginia, North Carolina, Mississippi, and Florida. In addition, the Partnership exports wood pellets through its marine terminals at the Port of Chesapeake, Virginia and the Port of Wilmington, North Carolina and from third-party marine terminals in Mobile, Alabama and Panama City, Florida.