Enviva Inc. (NYSE: EVA), the world’s leading producer of
sustainably sourced woody biomass, breaks ground on its forthcoming
Epes plant under construction in Sumter County, AL.
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the full release here:
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Enviva's President and CEO, Thomas Meth,
along with Governor Kay Ivey, and other county and state officials,
broke ground today on its forthcoming Epes plant under construction
in Sumter County, AL. (Photo: Business Wire)
Enviva has been active in Sumter County since its initial
assessment of the site in 2018. In 2020, Enviva acquired over 300
acres in the Epes Industrial Park, located next to the Tombigbee
River in Sumter County, to build its largest wood pellet production
plant. In July 2022, the company began construction of its fully
contracted Epes plant, which will have a nameplate capacity of 1.1
million metric tons per year and is expected to be in service by
mid-2024, with production fully ramped by 2025.
“The fact that the world’s largest wood pellet producer is
building its largest production facility to date here, in Sweet
Home Alabama, is yet another testament to our nation-leading
business climate and world-class workforce,” said Alabama Governor
Kay Ivey. “Enviva’s significant commitment at the Port of Epes will
undoubtedly breathe life into a community and region eager for new,
long-term opportunities. It truly is an exciting day for West
Alabama, and I sincerely appreciate Enviva’s decision to plant
roots here in our great state.”
When assessing and developing the project, Enviva chose to
repurpose a former business site and construct a brand-new,
state-of-the-art manufacturing facility to jumpstart economic
growth and bring employment opportunities back to the community it
now calls home. Once operational, the Epes plant is expected to
support approximately 100 direct jobs and 250 indirect jobs,
including in adjacent industries such as logging, trucking, and
shipping. Enviva plans to invest, on average, $375 million for each
newly constructed plant going forward, including the Epes plant.
Enviva’s Epes plant will be one of the largest taxpayers in the
county, resulting in economic benefits to the community with
funding for programs like road maintenance and schools, as well as
safety and emergency services.
“I am proud to see more economic development and job creation in
Sumter County!” said Alabama Congresswoman Terri Sewell. “It is
imperative for the prosperity of Alabama that we continue to
deliver more resources and opportunities directly to the people
that need them most. I am thrilled to see Enviva is doing just that
by providing even more jobs to our rural communities through this
expansion.”
The rich fiber basket and supply in Alabama, along with
favorable transport logistics and a great local workforce, are some
of the key factors which initially made the project sustainable and
attractive for Enviva. As part of its unwavering commitment to
sustainability, Enviva will source fiber at the new plant by
following the robust set of practices and principles that are
employed successfully at Enviva’s other plants. The facility will
sustainably and responsibly source wood from areas within
approximately 75 miles of the plant.
“It is an honor to be here in Sumter County with Governor Ivey
and local officials to celebrate this momentous occasion of
breaking ground on a fully contracted, state-of-the-art wood pellet
production facility in West Alabama,” said Thomas Meth, President
and CEO of Enviva. “We are excited to grow with Alabama as we
remain committed to being a long-term source of green jobs and
green investment across the state. We have been humbled by the
strong support we have received from the local community over the
last few years, and we look forward to formally being a part of the
community and to being a good neighbor for many years to come.”
Pellets produced at the Epes plant will be exported to
international markets, mainly in Europe and Asia, and will help to
fill international demand for secure sources of renewable energy,
which help to defossilize power and heat generation, as well as
energy-intensive industries such as steel, cement, and lime, as
well as sustainable aviation fuels.
During the ceremony, Enviva also recognized the following
organizations for their invaluable contribution in making the
project possible and for in turn bringing economic development to
Sumter County: MuniStrategies, LLC, PB Community Impact Fund, LLC,
UB Community Development, LLC, National Impact Fund, LLC, Capital
One - National Association, and United Bank.
In addition, the Epes plant has been designed using learnings
from the company’s existing ten plants to deliver an improved and
modernized model known as the EVA-1100. The patent pending
blueprint is being used as the standardized plant design for its
future 1.1 million metric ton production capacity plants, to
include Epes. Click here to watch the video and learn more.
About Enviva
Enviva Inc. (NYSE: EVA) is the world’s largest producer of
industrial wood pellets, a renewable and sustainable energy source
produced by aggregating a natural resource, wood fiber, and
processing it into a transportable form, wood pellets. Enviva owns
and operates ten plants with a combined production capacity of
approximately 6.2 million metric tons per year in Virginia, North
Carolina, South Carolina, Georgia, Florida, and Mississippi, and is
constructing its 11th plant in Epes, Alabama. Additionally, Enviva
is planning to commence construction of its 12th plant near Bond,
Mississippi. Enviva sells most of its wood pellets through
long-term, take-or-pay off-take contracts with primarily
creditworthy customers in the United Kingdom, the European Union,
and Japan, helping to accelerate the energy transition and to
defossilize hard-to-abate sectors like steel, cement, lime,
chemicals, and aviation. Enviva exports its wood pellets to global
markets through its deep-water marine terminals at the Port of
Chesapeake, Virginia, the Port of Wilmington, North Carolina, and
the Port of Pascagoula, Mississippi, and from third-party
deep-water marine terminals in Savannah, Georgia, Mobile, Alabama,
and Panama City, Florida.
To learn more about Enviva, please visit our website at
www.envivabiomass.com. Follow Enviva on social media @Enviva.
Cautionary Note Concerning Forward-Looking Statements
The information included herein and in any oral statements made
in connection herewith include “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements, other than statements of present or
historical fact included herein, regarding Enviva’s future
financial performance, as well as Enviva’s strategy, future
operations, financial position, estimated revenues, and losses,
projected costs, prospects, plans, and objectives of management are
forward-looking statements. When used herein, including any oral
statements made in connection herewith, the words “could,”
“should,” “will,” “may,” “believe,” “anticipate,” “intend,”
“estimate,” “expect,” “project,” the negative of such terms, and
other similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain
such identifying words. These forward-looking statements are based
on management’s current expectations and assumptions about future
events and are based on currently available information as to the
outcome and timing of future events. Except as otherwise required
by applicable law, Enviva disclaims any duty to revise or update
any forward-looking statements, all of which are expressly
qualified by the statements in this section, to reflect events or
circumstances after the date hereof. Enviva cautions you that these
forward-looking statements are subject to risks and uncertainties,
most of which are difficult to predict and many of which are beyond
the control of Enviva.
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MEDIA CONTACT: Maria C. Moreno media@envivabiomass.com
+1-301-657-5560
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