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Biomass Giant Enviva Buying Two Pellet Plants in U.S. Southeast

June 18, 2020, 9:35 PM

Enviva Partners LP, the world’s biggest producer of wood pellets for power plants, has agreed to buy three facilities in the U.S. Southeast in deals that also include five long-term contracts to supply customers in Japan.

The company is investing $375 million to acquire a pellet plant and an export terminal in Georgia from Germany’s Innogy SE and another pellet facility in South Carolina from its sponsor Enviva Holdings, according to a statement Thursday.

The deals reflect the increasing global demand for wood biomass that can be burned to produce electricity. In Europe, where the fuel is considered carbon ...

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