BETHESDA, Maryland — Enviva Inc. is investing approximately $250 million in a new wood pellet production plant.
The facility is a key part of the company’s growth strategy to double production capacity from 6.2 million metric tons per year to approximately 13 million metric tons per year over the next five years, a said John Keppler, President and CEO of Enviva.
“Markets for our renewable products have grown rapidly as countries seek new ways to reduce their reliance on coal, natural gas and other fossil fuels for heat and power generation.
Demand from manufacturers seeking to achieve ‘net zero’ by decarbonizing industrial production of steel, cement, lime and sustainable aviation fuel is also growing rapidly for us,” Keppler said. “And in an increasingly unstable geopolitical environment, countries and businesses around the world seek security of supply from stable partners like the United States. This new facility, the community it operates in, and the great people who support her every day will continue Mississippi’s strong tradition of helping friends around the world achieve energy independence and win the fight against climate change,” he added.
The factory is fully contracted under long-term supply contracts with customers around the world.
The new Stone County plant joins two other Enviva facilities in Mississippi, one in Amory, which is Enviva’s first production facility in the state, and the newest manufacturing facility in the company in Lucedale.
The Company also owns and operates a deep water marine terminal at the Port of Pascagoula from which pellets are shipped to customers in Europe and Asia. Together, Enviva’s total investment in Mississippi is over $600 million and supports over 850 direct and indirect jobs in Mississippi.
Construction is expected to begin in early 2023, subject to obtaining the necessary permits, and is expected to take approximately 18 months. The Bond plant is expected to have a production capacity of over 1 million metric tons of wood pellets per year.
The mill intends to use low-value, low-quality softwood and hardwood fibers from sustainable sources within a 75-mile radius of the facility, creating sustainable markets for local landowners and businesses. incentives to conserve land as forest. The facility will use state-of-the-art environmental control technology to minimize the impact of plant operations on the community.