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Enviva signs supply agreement with Electrabel

Posted August 24, 2010, at 9:17 a.m. CST

Enviva LP, a manufacturer of wood pellets and processed biomass in the United States and Europe, announced Aug. 24 the signing of a long-term wood pellet supply contract with Electrabel, a subsidiary of GDF Suez Group, one of the largest utilities in the world.

Under the contract, Enviva, a subsidiary of Intrinergy Holdings LP, will supply 480,000 metric tons of wood pellets annually to Electrabel's biomass power generating facilities in Belgium. Intrinergy is a portfolio company of Riverstone Holdings LLC's most recent renewable and alternative energy fund.

"With demand for renewable fuel increasing worldwide, the U.S. biomass market is poised for tremendous growth. Enviva is excited to be at the nexus of this growth by matching U.S.-based resources with major power producers around the world," said Enviva Chairman and CEO John Keppler. "We are pleased that Electrabel has joined Enviva's growing base of utility customers committed to reducing CO2 emissions over the coming years."
Enviva will supply the wood pellets from its expanding manufacturing base of production facilities in the Southeastern U.S., home to some of the world's most abundant and most sustainably managed wood baskets. Enviva's environmental, safety and forestry staff are at the forefront of best practices in sustainable harvesting, and they ensure that all of the company's biomass resources are procured according to internationally recognized third party certification standards.

SOURCE: ENVIVA LP
 

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