Articles from Enviva Inc.

Enviva, LLC (“Enviva” or the “Company”), a leading producer of industrial wood pellets, today announced its successful emergence from Chapter 11 bankruptcy protection, marking a significant milestone in the Company’s strategic transformation. Enviva is well-positioned for long-term growth and consistent operating performance, allowing the Company to serve its customers as a market leader and critical partner in meeting their demand for renewable fuel. Enviva’s Plan of Reorganization (the “Plan”) was confirmed by the U.S. Bankruptcy Court for the Eastern District of Virginia, with overwhelming support from the Company's key stakeholders and business partners. As part of its financial restructuring, Enviva has equitized more than $1 billion of indebtedness and American Industrial Partners Capital Fund VIII (“AIP”) has become the largest shareholder of the Company.

Enviva Inc. (NYSEEVA) (“Enviva” or the “Company”), a leading producer of sustainably sourced wood-based biomass, today announced that the U.S. Bankruptcy Court for the Eastern District of Virginia (the “Court”) approved, among other matters, its previously announced $500 million debtor-in-possession financing (the “DIP Facility”) pursuant to the Debtor-in-Possession Credit and Note Purchase Agreement (the “DIP Facility Agreement”) and the procedures and related materials that will govern the syndication of the DIP Facility. Pursuant to the DIP Facility Agreement, the Company intends to offer certain holders of shares of the Company’s Common Stock, par value $0.001 (CUSIP 29415B103) (the “Common Stock”) as of March 11, 2024 (the “Record Date” and such holders, the “Holders”) the opportunity (the “Opportunity”) to subscribe to participate in the syndication of the DIP Facility.

Enviva Inc. (NYSEEVA) (“Enviva” or the “Company”), a leading producer of sustainably sourced wood-based biomass, today announced that it has entered into two Restructuring Support Agreements (“RSAs”): one RSA with an ad hoc group of holders (the “Ad Hoc Group”) representing approximately 72% of its senior secured credit facility, approximately 95% of its 2026 senior notes, approximately 78% of bonds related to its Epes, Alabama plant currently under construction (“Epes”), and approximately 45% of bonds related to its greenfield project near Bond, Mississippi (“Bond”), and a second RSA with certain holders representing more than 92% of bonds related to the Bond project.

Enviva Inc. (NYSEEVA) (“Enviva” or the “Company”) today announced that on January 23, 2024 it received notification (the “Notice”) from the New York Stock Exchange (the “NYSE”) that the Company is no longer in compliance with NYSE continued listing criteria that requires listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30-trading-day period.

Enviva Inc. (NYSEEVA) (“Enviva” or the “Company”) today released financial and operating results for third-quarter 2023, announced a comprehensive review of its capital structure to improve the Company’s financial position, and announced a realignment of leadership, including the appointment of Glenn Nunziata, Chief Financial Officer, as Enviva’s interim Chief Executive Officer as the Company focuses on executing a multi-faceted transformation plan.

Enviva Inc. (NYSEEVA) (“Enviva”) today announced the timing of its conference call to discuss third-quarter 2023 financial results.

Enviva Inc. (NYSEEVA) (“Enviva” or the “Company”), the world’s leading producer of sustainably sourced woody biomass, today announced that Glenn Nunziata has been named the Company’s Executive Vice President and Chief Financial Officer, effective immediately.

Enviva Inc. (NYSEEVA) (“Enviva”) today announced members of its management team will attend the Barclays CEO Energy-Power Conference on Tuesday, September 5 and Wednesday, September 6, 2023, in New York City.

Enviva Inc. (NYSEEVA) (“Enviva,” the “Company,” “we,” “us,” or “our”) today released financial and operating results for second-quarter 2023 and provided a progress update on cost-reduction and productivity improvement initiatives across its operations.

Enviva Inc. (NYSEEVA) (“Enviva”) today announced the timing of its conference call to discuss second-quarter 2023 financial results on August 3, 2023.

Enviva Inc. (NYSEEVA), the world’s leading producer of sustainably sourced woody biomass, breaks ground on its forthcoming Epes plant under construction in Sumter County, AL.

Enviva Inc. (NYSEEVA) (“Enviva”) today announced members of its management team will attend J.P. Morgan’s 2023 Energy, Power & Renewables Conference on Wednesday, June 21, 2023.

Enviva Inc. (NYSEEVA) (“Enviva,” the “Company,” “we,” “us,” or “our”) today released financial and operating results for first-quarter 2023, discussed changes to its capital allocation priorities in addition to providing a 2023 financial guidance update, and announced a large, long-term take-or-pay off-take contract with an existing Japanese customer.

The Lucky Branch tract, an 80-acre parcel of bottomland hardwood forest situated next to the Little River and Uwharrie National Forest in Montgomery County, North Carolina, has been conserved, thanks in part to a generous grant provided by the Enviva Forest Conservation Fund. This grant enabled Three Rivers Land Trust to acquire a conservation easement on the property and safeguard the tract, which is part of a larger 520-acre easement, encompassing a variety of habitats.

Enviva Inc. (NYSEEVA) (“Enviva”) today announced members of its management team will attend the following two investor conferences in person this May and June:

The Enviva Forest Conservation Fund (the Fund) today announced the recipients of its 2023 grants. The projects funded this year will help conserve more than 6,165 acres and protect ecologically sensitive bottomland hardwood forests in the Virginia-North Carolina coastal plains.

Enviva Inc. (NYSEEVA) (“Enviva”) today announced the timing of its conference call to discuss first-quarter 2023 financial results.

Enviva Inc. (NYSEEVA) (“Enviva,” “our,” “we,” or the “Company”) welcomes today’s news that the European Union’s trilogue negotiations concluded with an agreement on the Renewable Energy Directive III (“REDIII” or the “Directive”) and is pleased to hear that woody biomass will continue to be recognized as a renewable energy source in the EU.

Enviva Inc. (NYSEEVA), the world’s leading producer of sustainably sourced woody biomass, received on March 21, 2023 its construction permit from the Alabama Department of Environmental Management (ADEM) for its Epes plant under construction in Sumter County, AL. The revised permit enables Enviva to build a state-of-the-art sustainable biomass production facility at a brownfield site in Epes, AL, bringing jobs, infrastructure, and economic development to the region, while deepening Sumter County’s ties to the global economy.

Enviva Inc. (NYSEEVA) (“Enviva,” “our,” “we,” or the “Company”) today announced that John Keppler is returning to the Company as Executive Chairman, effective April 1, 2023. Thomas Meth will continue to lead the Company as President and Chief Executive Officer, and the Company’s interim Chairman, Ralph Alexander, will transition to the role of Lead Independent Director of the Board.

Enviva Inc. (NYSEEVA) (“Enviva,” the “Company,” “we,” “us,” or “our”), the world’s leading producer of sustainably sourced woody biomass, reported that all of its associates are safe and accounted for following a strong tornado that touched down in Amory, Mississippi, on March 24, 2023. The storm did, however, damage the Company’s 115,000 metric ton per year wood pellet production facility, although Enviva’s larger plants and ports in the region were not impacted. Enviva’s Amory facility insurance covers property damage, inclusive of business interruption and casualty. Operations at the plant have been suspended pending a full review of the damage, but given the small size of the facility relative to the more than six million metric tons of installed production capacity across the Company’s portfolio, the impact to customers and to the financial performance of the Company is expected to be minimal.

Enviva Inc. (NYSEEVA), the world’s leading producer of sustainably sourced woody biomass, issued a statement today thanking the Mississippi Department of Environmental Quality’s (MDEQ) permit board for unanimous approval for the construction permit of Enviva’s Bond, Mississippi facility. The permit was issued after an extensive review process that included a public comment period, a well-attended public hearing, and numerous public comments. The proposed facility will be designed to produce approximately 1.2 million oven dried tons (ODT) per year of wood pellets and will be equipped with maximum achievable control technologies to curb emissions to the greatest extent possible. Emission control technologies to be deployed throughout the site include baghouses, bin vents, wet electrostatic precipitators (WESP), and thermal oxidative controls (RTOs/RCOs).

Representatives of Enviva Inc. (NYSEEVA) (“Enviva”) including Chief Executive Officer Thomas Meth, Chief Financial Officer Shai Even, and other members of the senior management team, intend to make presentations on April 3, 2023, in New York City regarding the company’s strategy and long-term outlook, financial expectations for 2023 and beyond, and the thriving sustainable bioenergy environment in which Enviva operates.

Enviva Inc. (NYSEEVA), the world’s leading producer of sustainably sourced woody biomass, is recognized by the Chesapeake Environmental Improvement Council (CEIC) for its efforts to improve the environment and keep Chesapeake, Virginia beautiful. Specifically, Enviva’s Port of Chesapeake received the “Innovation in Recycling, Reusing, or Repurposing” award for recycling over 79,000 pounds of conveyor belt material in just one year at its marine terminal.

Enviva Inc. (NYSEEVA) (“Enviva”) today announced that it has entered into definitive agreements with board members and insiders for the issuance and sale of $250 million of equity securities to be priced using the market close price on March 1, 2023. The PIPE is led by affiliates of Enviva’s two largest shareholders, Riverstone Holdings LLC and Inclusive Capital Partners, and BTG Pactual. The PIPE is expected to close on or about March 20, 2023, subject to the satisfaction of customary closing conditions. If shareholder approval is required based on the pricing of the PIPE, Enviva will issue non-voting preferred stock on the closing date, which will convert into common stock upon shareholder approval of the issuance.

Enviva Inc. (NYSEEVA) (“Enviva,” the “Company,” “we,” “us,” or “our”) today released financial and operating results for fourth-quarter and full-year 2022, provided financial guidance for 2023, and announced three new take-or-pay contracts with industrial customers.

Six adjoining tracts along the Chowan River in Bertie County, North Carolina are now permanently protected thanks in part to a grant made by the Enviva Forest Conservation Fund. As a recipient of the grant, The North Carolina Coastal Land Trust secured the 421-acre easement, which consists primarily of mature cypress gum swamp, located along more than 1.7 miles of Chowan River frontage. The property is classified as having high ecological significance and lies within the Colerain/Cow Island Swamp and Slopes Significant Natural Heritage Area and is part of the 32,570-acre Chowan Swamp Game Lands.

Enviva Inc. (NYSEEVA) (“Enviva”) today announced the timing of its conference call to discuss fourth-quarter and full-year 2022 financial results.

Enviva Inc. (NYSEEVA) (“Enviva,” “we,” “us,” or “our”) today announced that the board of directors declared a quarterly dividend of $0.905 per common share for the fourth quarter of 2022. The fourth quarter of 2022 dividend represents a 5.2% increase from the fourth quarter of 2021. The quarterly dividend will be paid on Friday, February 24, 2023, to shareholders of record as of the close of business Tuesday, February 21, 2023. Including this dividend, Enviva has declared dividends in the aggregate of $3.62 per common share for full-year 2022, which represents an increase of 9.7% over 2021.

Enviva Inc. (NYSEEVA), the world’s leading producer of sustainably sourced woody biomass, along with the U.S. Industrial Pellet Association (USIPA), welcome a recent study, titled “Impacts of the US southeast wood pellet industry on local forest carbon stocks.” The study has been peer-reviewed and published in a leading scientific journal, Nature, confirming that the wood pellet industry has met the overall condition of forest carbon neutrality in the U.S. Southeast between 2000 and 2019.

Enviva Inc. (NYSEEVA), the world’s leading producer of sustainably sourced woody biomass, along with Girl Scouts of Greater Mississippi (GSGMS), announced a collaborative partnership to assist the council with programs related to climate change, tree planting and conservation initiatives, and other STEM/natural resources-related education opportunities planned by the GSGMS and Enviva.

Enviva Inc. (NYSEEVA), the world’s leading producer of sustainably sourced woody biomass, has been recognized as a “Sustained Distinguished Performance River Star Business” by the Elizabeth River Project for its energy savings efforts, metal recycling, and increased oyster gardening programs.

Enviva Inc. (NYSEEVA), the world’s leading producer of sustainably sourced wood biomass, announced today that Thomas Meth, President and Chief Executive Officer, and Shai Even, Executive Vice President and Chief Financial Officer, will participate in a webinar hosted by Raymond James analyst Pavel Molchanov.

The U.S. Endowment for Forestry and Communities (Endowment) today released a new Request for Proposals (RFP) for the Enviva Forest Conservation Fund (the Fund). $500,000 funding will be awarded to protect bottomland hardwood and other wetland forests in eastern North Carolina and southeast Virginia.

Enviva Inc. (NYSEEVA), the world’s leading producer of sustainably sourced woody biomass, today announced the appointments of a Chief Commercial Officer, Chief Sustainability Officer, Chief Administrative and People Officer, and General Counsel.

Enviva Inc. (NYSEEVA) (“Enviva,” “our,” “we,” or the “Company”) today announced the closing of a senior secured term loan facility (the “Term Loan”) in the amount of $105 million, maturing in June 2027. Borrowing rates under the Term Loan are variable and calculated as SOFR plus 400 basis points. Enviva intends to use the net proceeds from the Term Loan to reduce borrowings under its senior secured revolving credit facility.

Enviva Inc. (NYSEEVA), the world’s leading producer of sustainably sourced woody biomass, today issued the following statement regarding the Dutch Parliament’s motion on sustainably sourced biomass:

Enviva Inc. (NYSEEVA) (“Enviva,” “our,” “we,” or the “Company”) today announced the signing of a new 10-year take-or-pay off-take fuel supply contract with an existing European customer, extendable for up to five years. Enviva expects to supply 800,000 metric tons of industrial-grade wood pellets per year, with deliveries expected to commence during 2027, subject to certain conditions precedent.

Enviva (NYSEEVA), the world’s leading producer of sustainably sourced woody biomass, and GreenTrees, the market leader in reforestation and carbon removal in the U.S., today announced a nine-year partnership agreement that will contribute towards Enviva’s net-zero goals for its Scope 1 carbon footprint, equating to approximately 10,000 metric tons of carbon removal credits annually, or 90,000 metric tons throughout the duration of the contract.

Today, Enviva Inc. (NYSEEVA), the world’s leading producer of sustainably sourced woody biomass, held a ceremonial ribbon cutting at its recently opened marine export terminal at the Port of Pascagoula, Mississippi (MS). The event commemorates Enviva’s continued commitment to deliver positive economic impact, growth, and green jobs to Mississippi, as well as the company’s mission to reduce greenhouse gas emissions on a lifecycle basis in power, heat, and heavy industry domestically and abroad.

Enviva Inc. (NYSEEVA), the world’s leading producer of sustainably sourced wood biomass, has been recognized as a 2022 “Enlightened Growth Leadership” award recipient by The Frost & Sullivan Institute (FSI). This award distinguishes global organizations that are committed to making the world a better place, addressing global priorities, and innovating to net zero, while remaining at the forefront of sustainable growth and transformation. The “Enlightened Growth Leadership” award is the only recognition of its kind that measures and evaluates companies based on the synergy between growth, Environmental, Social, and Governance (ESG), and Corporate Sustainability Reporting (CSR).

Enviva Inc. (NYSEEVA) (“Enviva” or the “Company”) today announced that it has priced $100,000,000 of bonds in the U.S. tax-exempt market (the “Bonds” or the “Tax-Exempt Green Bonds” and such offering, the “Offering”) through the Mississippi Business Finance Corporation (the “Issuer”). The Tax-Exempt Green Bonds will bear interest at an annual rate of 7.75% and mature in 2047, with the option for holders to redeem at par in 2032. Enviva and the Issuer expect to close the transaction on or about November 22, 2022, subject to customary closing conditions.

Enviva Inc. (NYSEEVA) (“Enviva”), the world’s leading producer of sustainably sourced wood biomass, today issued the following statement in response to support it received from independent forestry associations regarding Enviva’s positive economic and environmental impact in the U.S. Southeast:

Enviva Inc. (NYSEEVA) (“Enviva,” the “Company,” or the “Borrower”) today announced that the Mississippi Business Finance Corporation (the “Issuer”), intends to issue its Exempt Facilities Revenue Bonds (Enviva Inc. Project), Series 2022 (Green Bonds) (the “Bonds” and such offering, the “Tax-Exempt Green Bond Offering” or the “Offering”) in the aggregate principal amount of $100,000,000 (preliminary and subject to change). The proceeds of the Offering will be loaned to Enviva pursuant to a Loan and Guaranty Agreement (the “Loan Agreement”) to fund a portion of the costs of acquiring, constructing, equipping, and financing Enviva’s wood pellet production plant to be located near Bond, Mississippi and certain related costs thereto, and to pay costs and expenses of the Offering.

Enviva Inc. (NYSEEVA) (“Enviva,” “our,” “we,” or the “Company”) today announced that Thomas Meth, Enviva’s President, has been appointed the Company’s Chief Executive Officer and will become a member of Enviva’s board of directors (the “Board”), while retaining his title as President.

Enviva Inc. (NYSEEVA) (“Enviva,” the “Company,” “we,” “us,” or “our”) today announced financial and operating results and declared a dividend for third-quarter 2022.

Enviva Inc. (NYSEEVA) (“Enviva”), the world’s leading producer of sustainably sourced wood biomass, today issued the following statement in response to a public letter from 550 global scientists sent to the Presidents of the European Commission, European Parliament, and European Council outlining numerous climate benefits of woody biomass and sustainable forest management:

Enviva Inc. (NYSEEVA), the world’s leading producer of sustainably sourced wood biomass, announced today that President Thomas Meth will participate in a fireside chat hosted by Raymond James analyst Pavel Molchanov. They will be joined by Dr. Puneet Dwivedi, Associate Professor of Sustainability Sciences at the University of Georgia, to discuss harvesting and merchandising aspects of working forests in the U.S. Southeast.

Enviva Inc. (NYSEEVA) (“Enviva,” “we,” “us,” the “Company,” or “our”), the world’s leading producer of sustainably sourced wood biomass, today issued the following statement in response to allegations made in a report by a self-proclaimed short seller.

Enviva Inc. (NYSEEVA) (“Enviva”) today announced the timing of its conference call to discuss third-quarter 2022 financial results.

Today, Enviva Inc. (NYSEEVA), the world’s leading producer of sustainably sourced wood biomass, announced that it has appointed Mark Coscio as Executive Vice President and Chief Development Officer. In his new role, Coscio will be responsible for leading Enviva’s corporate development and construction functions.

Today, Enviva Inc. (NYSEEVA), the world’s leading producer of sustainably sourced wood biomass, published a white paper that discusses unlocking the future of biomass beyond fossil fuels into other industrial applications, including steel, cement, lime, chemicals, and sustainable aviation fuel (SAF), among others. While Enviva’s sustainably sourced biomass is predominately used today to decarbonize power and heat generation, modern biomass will increasingly be used to reduce emissions in these hard-to-abate sectors that are responsible for nearly one-third of global CO2 emissions as governments, companies, and industry endeavor to mitigate their climate change impacts through net-zero emissions goals. All sectors ‒ including energy, construction, transportation, aviation, and food systems ‒ are looking to rapidly decarbonize, and sustainably sourced biomass is the only technologically advanced, scalable, and market-ready product poised to substantially mitigate climate change and decarbonize supply chains at large.

Enviva Inc. (NYSEEVA) (“Enviva,” “we,” “us,” or “our”) today reported that Hurricane Ian has resulted in minimal impact to operations and provided details on third quarter and fourth quarter of 2022 expectations, along with an update of certain 2022 financial guidance metrics.

Today, Enviva Inc. (NYSEEVA), the world’s leading producer of sustainably sourced woody biomass, held a ceremonial ribbon cutting at its recently constructed wood pellet manufacturing facility in George County, Mississippi (MS). The event commemorates the emergence of more U.S.-based green jobs, and the completion of a new state of the art manufacturing facility, along with Enviva’s continued success, growth, and positive economic impact in Mississippi.

Today, Enviva Inc. (NYSEEVA), the world’s leading producer of sustainably sourced woody biomass, announced that it will be presenting at the Global Clean Energy Action Forum on Thursday and Friday, September 22-23, 2022 in Pittsburgh, PA. Enviva’s President, Thomas Meth, will join an assembly of the world’s largest and leading companies, countries, and international experts who share the common mission of accelerating the clean energy transition.

The Enviva Forest Conservation Fund (the Fund) today announced the recipients of its 2022 grants. The projects funded this year will help conserve more than 3,000 acres and protect ecologically sensitive bottomland hardwood forests in the Virginia-North Carolina coastal plains.

Today, the European Parliament once again voted to recognize primary woody biomass as a renewable energy source. This is consistent with its prior classification under both the first Renewable Energy Directive (RED) and RED II. Enviva Inc. (NYSEEVA), the world’s leading producer of sustainably sourced woody biomass, welcomes the designation as it marks a critical step in the right direction toward more low-carbon, drop-in alternatives to fossil fuels for power and heat generation, as part of an all-in renewables strategy to reduce carbon emissions and limit global dependence on fossil fuels.

Enviva Inc. (NYSEEVA) (“Enviva,” “our,” or “we”) today announced that the 2021 Schedule K-3 form, reflecting items of international tax relevance, is available online. Investors may access their Schedule K-3 form electronically using the link, Enviva Tax Package Support website, or by accessing the Investor Relations section of Enviva’s website at ir.envivabiomass.com and by clicking on K-1 & K-3 Tax Forms under the Resources Tab.

Enviva Inc. (NYSEEVA) (“Enviva”) today announced that members of its management team will attend and meet with investors, in person, at the upcoming Barclays CEO Energy-Power Conference on Tuesday, September 6, 2022, in New York.

Enviva Inc. (NYSEEVA) (“Enviva,” the “Company,” “we,” “us,” or “our”) today announced financial and operating results and declared a dividend for the second quarter of 2022. Enviva also announced four contract additions, including the conversion of a previously announced memorandum of understanding (“MOU”) and a letter of intent (“LOI”) to binding contracts, a new German contract, and the upsizing of an existing contract.

Enviva Inc. (NYSEEVA), the world’s largest producer of industrial wood pellets, announces the establishment of the Enviva Heirs Property Fund (EHPF), an initiative dedicated to ending involuntary land loss across the U.S. Southeast. Today, Enviva formally commits $250,000 on an annual basis to provide support to landowning families in the U.S. Southeast through direct financial support for professional services, identifying pathways for families to capture sustainable land value, and through public policy advocacy at the state and federal levels. EHPF’s efforts will begin in 2022 in Mississippi and North Carolina, and will expand to include direct financial aid to landholders incrementally throughout Enviva’s operational footprint in the coming years, in addition to the national policy work currently underway.

Enviva Inc. (NYSEEVA) (“Enviva”) today announced the timing of its conference call to discuss second-quarter 2022 financial results on August 4, 2022.

Enviva Inc. (NYSEEVA) (“Enviva” or the “Company”) today announced that it has priced $250,000,000 of bonds in the U.S. tax-exempt market (the “Bonds” or the “Tax-Exempt Green Bonds” and such offering, the “Offering”) through the Industrial Development Authority of Sumter County, Alabama (the “Issuer”). The Tax-Exempt Green Bonds, which will be issued at par, will bear interest at an annual rate of 6.00% and mature in 2052, with the option for holders to redeem at par in 2032. Enviva and the Issuer expect to close the transaction on or about July 15, 2022, subject to customary closing conditions.

Enviva Inc. (NYSEEVA) (“Enviva,” the “Company,” or the “Borrower”) today announced that the Industrial Development Authority of Sumter County, Alabama (the “Issuer”), intends to issue its Exempt Facilities Revenue Bonds (Enviva Inc. Project), Series 2022 (Green Bonds) (the “Bonds” and such offering, the “Tax-Exempt Green Bond Offering” or the “Offering”) in the aggregate principal amount of $250,000,0001. The proceeds of the Offering will be loaned to Enviva pursuant to a Loan and Guaranty Agreement (the “Loan Agreement”) to fund all or a portion of the costs of the acquisition, construction, equipping, and financing of Enviva’s wood pellet production plant to be located in Epes, Alabama (the “Epes plant”) and to pay costs and expenses of the Offering.

Enviva Inc. (NYSEEVA) (“Enviva,” “we,” “us,” or “our”) today provided a business update in advance of planned investor meetings that included the reaffirmation of full-year 2022 financial guidance, preliminary expectations for second-quarter 2022 adjusted EBITDA, and the announcement of a new European contract.

Enviva Inc. (NYSEEVA), the world’s largest producer of industrial wood pellets, held a ceremonial gathering at its newly opened terminal at the Port of Pascagoula, Mississippi on Wednesday, June 15, 2022, to commemorate the first shipment of sustainably sourced biomass to international power and heat producers, with a majority of the port’s future shipments slated for Japan.

Enviva Inc. (NYSEEVA) (“Enviva”) today announced members of its management team will attend the following two investor conferences in person this June:

Enviva Inc. (NYSEEVA), the world’s leading producer of sustainable wood bioenergy, and MOL Drybulk Ltd. (MOLDB), a subsidiary of Mitsui O.S.K. Lines Ltd. (MOL), a leading global marine transport group, announced they have signed an additional memorandum of understanding to deploy an environmentally friendly bulk carrier (“EFBC”) to reduce the greenhouse gas (“GHG”) emissions in the ocean transportation of sustainable wood pellets and biofuels. Following a successful joint study phase, the EFBC is scheduled for launch in 2024 and will aim to utilise rotor sail technology developed by Anemoi Marine Technologies Ltd together with MOL’s ‘Wind Challenger’ technology, which would both reduce emissions by harnessing wind energy, for an expected average GHG savings of about 20 percent in total. The 62,900-deadweight tons (dwt) vessel will be built by Oshima Shipbuilding.

Enviva Inc. (NYSEEVA) (“Enviva,” “we,” “us,” or “our”) today announced financial and operating results and declared a dividend for first-quarter 2022. Enviva also revised certain 2022 guidance metrics to reflect the impacts of short-term challenges, and announced its first two long-term agreements with German customers.

Enviva Inc. (NYSEEVA) (“Enviva”) today announced members of its management team will attend the following two investor conferences in person this May:

Enviva Inc. (NYSEEVA), the world’s largest producer of sustainable bioenergy, was awarded the “Chancellor’s Award for Leadership in Philanthropy” from Paul D. Camp Community College, which serves the cities of Franklin, Suffolk, and Smithfield, Virginia. Now in its 16th year, this award distinguishes exceptional leaders across the Commonwealth who have invested both time and money toward building brighter futures for Virginians.

Enviva Inc. (NYSEEVA), the world’s leading producer of sustainable wood bioenergy, today announced it was the recipient of the “Red Diamond Patriot Award,” the highest tier award the Bertie County Branch of The National Association for the Advancement of Colored People (NAACP) can bestow on an individual or company. Enviva’s Mid-Atlantic Senior Community Relations Manager, Chris Brown, was honored with the Red Diamond Patriot Award at the NAACP’s Annual Freedom Fund Banquet on April 2, 2022 for being an outstanding community partner and advocate for the Bertie County NAACP.

Enviva Inc. (NYSEEVA) (“Enviva”) today announced the timing of its conference call to discuss first quarter 2022 financial results on May 5, 2022.

Enviva Inc. (NYSEEVA), the world’s leading producer of sustainable wood bioenergy, today announced it will invest approximately $250 million in Bond, Mississippi to build a new wood pellet production plant. The facility is a key component of the company’s growth strategy to double production capacity from the current 6.2 million metric tons annually to approximately 13 million metric tons annually over the next five years.

Enviva Inc. (NYSEEVA) (“Enviva”), the world’s largest producer of sustainable bioenergy, announces the establishment of the Enviva Endowed Scholarship at North Carolina Agricultural & Technical State University (N.C. A&T), the nation’s largest historically Black university. Today, Enviva announced its formal commitment of $250,000, funded over a five-year period, to provide an endowment for merit-based scholarships and to support a more diversified workforce within forestry, agribusiness, agriscience, natural resources, technology, and conservation fields.