Enviva completes acquisition of Waycross pellet plant
The firm’s growing operational footprint across the US southeast now includes nine wood pellet production facilities and five deep-water export terminals across Virginia, North Carolina, South Carolina, Georgia, Alabama, Mississippi and Florida.
The newly-acquired Waycross plant has been operational since 2011 and has a production capacity of around 800,000 tonnes per year, all of which is exported through the Port of Savannah to Enviva’s customers under long-term take-or-pay off-take contracts, many of which extend until the mid-2040s.
Following the acquisition of the newly named ‘Enviva Pellets Waycross’ plant, Enviva’s total annual wood pellet production capacity is approximately 4.9 million tonnes.
John Keppler, chairman and chief executive officer at Enviva, said: “We are excited to welcome the entire Waycross team to the Enviva family. This is an important step for Enviva’s growth and we look forward to continuing to be a great employer, customer, and neighbour, and an important contributor to the State of Georgia, a community we now call home.”
“The Waycross plant, its leadership, and the entire team are a perfect match Enviva,” said Royal Smith, Enviva’s executive vice-president of operations. “The Waycross team, under the exceptional leader of Mark Gaddy, has been recognised for years for their commitment to and strong record of safe operations and high performance.
“We look forward to working with Mark and his team in the years to come as we seek to build on their success, grow the business, and continue making a meaningful difference right now in the effort to fight climate change around the world.”
In July, Enviva completed the acquisition of Greenwood Holdings from its sponsor, which, through its wholly-owned subsidiaries, owns a wood pellet production facility in Greenwood, South Carolina.