BETHESDA, Md.--(BUSINESS WIRE)--Enviva applauds the steps the U.S. Environmental Protection Agency is taking with the Clean Power Plan and its recognition of the role biomass can play in tackling climate change.
“Converting coal-fired plants to dedicated or co-fired biomass plants is one of the quickest and most cost-effective ways of achieving substantial reductions in emissions of carbon dioxide and other pollutants,” said John K. Keppler, Chairman and CEO of Enviva. “Countries around the world are turning to biomass – increasingly wood pellets – as a renewable, low-carbon source of base load energy and we are pleased that the EPA has opened the door to these coal-to-biomass conversions here in the United States.”
Unlike fossil fuels, the natural resource base for wood pellets is robust, sustainable, and growing. The U.S. Department of Agriculture reports that U.S. forest resources have increased more than 50% over the last sixty years and the Department’s recently published research shows that utilizing wood biomass for energy will support the continued growth of the nation’s forests.
Enviva is the world’s largest supplier of wood pellets to major utilities, serving customers in Europe, Asia, and the United States, generally under long-term contracts. Enviva conducts its activities through Enviva Partners, LP (“Enviva Partners”), a publicly traded, growth-oriented master limited partnership (NYSE: EVA), and Enviva Development Holdings, LLC (“Enviva Development”), a wholly-owned private company. Enviva Partners owns and operates midstream fuel processing and logistics assets, including five production plants in the Southeast United States and a dry-bulk, deep-water marine terminal at the Port of Chesapeake, Virginia. In addition to this Mid-Atlantic terminal, Enviva Partners maintains export terminal operations at a third-party terminal in each of Mobile, Alabama and Panama City, Florida. Through a joint venture, Enviva Development operates a production plant in Southampton County, Virginia and is constructing a new production plant and a deep-water marine terminal in the Wilmington, North Carolina region. Our customers use our product in place of coal as one of the most cost-effective means of generating renewable energy, reducing their greenhouse gas emissions by up to 80 percent. At Enviva, we work for lower emissions, healthy forests, and strong communities.
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