Enviva Applauds EPA on Clean Power Plan
BETHESDA, Md. – August 4, 2015 – Enviva applauds the steps the U.S. Environmental Protection Agency is taking with the Clean Power Plan and its recognition of the role biomass can play in tackling climate change.
“Converting coal-fired plants to dedicated or co-fired biomass plants is one of the quickest and most cost-effective ways of achieving substantial reductions in emissions of carbon dioxide and other pollutants,” said John K. Keppler, Chairman and CEO of Enviva. “Countries around the world are turning to biomass – increasingly wood pellets – as a renewable, low-carbon source of base load energy and we are pleased that the EPA has opened the door to these coal-to-biomass conversions here in the United States.”
Unlike fossil fuels, the natural resource base for wood pellets is robust, sustainable, and growing. The U.S. Department of Agriculture reports that U.S. forest resources have increased more than 50% over the last sixty years and the Department’s recently published research shows that utilizing wood biomass for energy will support the continued growth of the nation’s forests.
About Enviva
Enviva is the world’s largest supplier of wood pellets to major utilities, serving customers in Europe, Asia, and the United States, generally under long-term contracts. Enviva conducts its activities through Enviva Partners, LP (“Enviva Partners”), a publicly traded, growth-oriented master limited partnership (NYSE: EVA), and Enviva Development Holdings, LLC (“Enviva Development”), a wholly-owned private company. Enviva Partners owns and operates midstream fuel processing and logistics assets, including five production plants in the Southeast United States and a dry-bulk, deep-water marine terminal at the Port of Chesapeake, Virginia. In addition to this Mid-Atlantic terminal, Enviva Partners maintains export terminal operations at a third-party terminal in each of Mobile, Alabama and Panama City, Florida. Through a joint venture, Enviva Development operates a production plant in Southampton County, Virginia and is constructing a new production plant and a deep-water marine terminal in the Wilmington, North Carolina region. Our customers use our product in place of coal as one of the most cost-effective means of generating renewable energy, reducing their greenhouse gas emissions by up to 80 percent. At Enviva, we work for lower emissions, healthy forests, and strong communities.
Cautionary Note Concerning Forward-Looking Statements
Certain statements and information in this press release may constitute “forward-looking statements.” The words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,” or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. These forward-looking statements are based on management’s current expectations and beliefs concerning future developments and their potential effect on Enviva Partners. Although management believes that these forward-looking statements are reasonable when made, there can be no assurance that future developments affecting Enviva Partners will be those that it anticipates. The forward-looking statements involve significant risks and uncertainties (some of which are beyond the control of Enviva Partners) and assumptions that could cause actual results to differ materially from Enviva Partners’ historical performance and its present expectations or projections. For additional information regarding known material factors that could cause Enviva Partners’ actual results to differ from projected results, please read its filings with the Securities and Exchange Commission, including the IPO prospectus filed on April 29, 2015 and the Quarterly Report on Form 10-Q for the quarter ended June 30, 2015. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date thereof. Enviva Partners undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events, or otherwise.
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