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Enviva, E.ON Sign Multi-Year Biomass Supply Contract

Source: www.gulfoilandgas.com 2/6/2012, Location: North America

Enviva LP (“Enviva”), a leading manufacturer of processed biomass fuel in the United States and Europe, and E.ON, one of the world’s largest investor-owned utilities, announced a multi-year 240,000 metric ton per year wood pellet supply agreement.

“Demand for clean, renewable resources like our sustainably produced wood pellets continues to grow as energy generators invest in alternatives to traditional fossil fuels,” said John Keppler, chairman and CEO of Enviva. “Our partnership with E.ON reinforces the economic and environmental benefits achievable from renewable biomass resources in energy production.”

“Strong agreements with companies like Enviva that are focused on growing biomass supply and share our views on the importance of promoting sustainability are essential for us to invest in biomass generation,” said Jan Groeneveld, manager biomass sourcing at E.ON. “Biomass is one of the lowest-cost renewable solutions available and is a key part of helping us ensure that the lights stay on at a price that is affordable while helping to protect the climate.”

The contract begins in early 2013. Enviva will supply the wood pellets from its facilities in the Southeastern U.S., home to some of the world’s most abundant and sustainably managed wood baskets.

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