Enviva enters contract to supply wood pellets to Japanese plant 

On Feb. 22, Enviva Partners LP released fourth quarter financial results and announced it has entered into a firm 10-year take-or-pay offtake contract with Marubeni Corp. to supply 100,000 metric tons per year of wood pellets to a new power plant in Japan, starting in 2022.

Net revenue for the quarter reached $161 million, up 27.3 percent when compared to fourth quarter of 2016. Included in net revenue were product sales of $156.1 million on a volume of 805,000 metric tons of wood pellets, compared to $121.2 million on a volume of 632,000 metric tons of wood pellets during the fourth quarter of 2016.

CONTINUE READING

Speak Your Mind

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.