Enviva Inc. (EVA) holds the distinction of being the world’s largest producer of industrial wood pellets, which serve as a sustainable and renewable energy source. By collecting and processing wood fiber, a natural resource, the company creates transportable wood pellets. Enviva operates ten plants in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi, which together have a combined production capacity of approximately 6.2 million metric tons per year. The company is currently constructing its eleventh plant in Epes, Alabama. Once completed, the Epes plant is expected to become the world’s largest wood pellet production facility, adding 1.1 million MTPY (an 18% increase) to Enviva’s existing production capacity.

Enviva primarily sells its wood pellets through long-term, take-or-pay off-take contracts with creditworthy customers in the United Kingdom, the European Union, and Japan. These contracts help drive the energy transition and reduce carbon emissions in hard-to-abate sectors, such as steel, cement, lime, chemicals, and aviation fuels. To cater to global markets, Enviva exports its wood pellets through its deep-water marine terminals at the Port of Chesapeake, Virginia, the Port of Wilmington, North Carolina, and the Port of Pascagoula, Mississippi. Additionally, the company utilizes third-party deep-water marine terminals in Savannah, Georgia, Mobile, Alabama, and Panama City, Florida, for its export operations.