Enviva Inc. (NYSE: EVA) produces, processes, and sells utility-grade wood pellets. It has been recognized as the world’s largest producer of industrial wood pellets, which serve as a renewable and sustainable energy source. The company aggregates wood fiber, processes it into a transportable form, namely wood pellets, and operates ten plants with a combined production capacity of around 6.2 million metric tons per year across various states in the US such as Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi. An eleventh plant is under construction in Epes, Alabama, which is expected to significantly augment Enviva’s production capacity by approximately 1.1 million metric tons per year. Most of Enviva’s wood pellets are sold through long-term contracts to primarily creditworthy customers located in the United Kingdom, the European Union, and Japan, contributing to the energy transition and aiding in the decarbonization of certain challenging sectors like steel, cement, lime, chemicals, and aviation fuels. The company exports its products globally through its deep-water marine terminals situated at various ports in the US and from third-party deep-water marine terminals in places like Savannah, Georgia, Mobile, Alabama, and Panama City, Florida.
