Enviva Partners, LP Reports Minimal Hurricane Damage
BETHESDA, Md.–(BUSINESS WIRE)–Enviva Partners, LP (NYSE: EVA) (the “Partnership” or “we”) today
reported that its facilities have incurred only minor damage from
Hurricane Florence.
The Partnership undertook substantial preparation in advance of
Hurricane Florence’s landfall to keep employees safe and minimize
disruption, including proactively idling operations at its production
facility in Sampson County, North Carolina (the “Sampson Plant”) and its
deep-water marine terminal (the “Wilmington Terminal”) in the North
Carolina State Ports Authority’s (the “NCSPA”) Port of Wilmington. Based
on initial assessments, the Sampson Plant and Wilmington Terminal have
not incurred significant wind or water damage. The Sampson Plant has
restarted operations and the Partnership believes its Wilmington
Terminal will be able to begin receiving pellets later this week,
subject to approval from the NCSPA and other relevant authorities to
reopen the Port of Wilmington.
With challenges in the NCSPA’s Port of Wilmington and the surrounding
region due to flooding and residual effects of the storm, the
Partnership expects modest impacts to its shipments from its Wilmington
Terminal. The Partnership will continue to assess any temporary impact
on its operations and expects to provide an update as more information
becomes available.
About Enviva Partners, LP
Enviva Partners, LP (NYSE: EVA) is a publicly traded master limited
partnership that aggregates a natural resource, wood fiber, and
processes it into a transportable form, wood pellets. The Partnership
sells a significant majority of its wood pellets through long-term,
take-or-pay agreements with creditworthy customers in the United Kingdom
and Europe. The Partnership owns and operates six plants with a combined
production capacity of nearly three million metric tons of wood pellets
per year in Virginia, North Carolina, Mississippi, and Florida. In
addition, the Partnership exports wood pellets through its owned marine
terminal assets at the Port of Chesapeake, Virginia, and the Port of
Wilmington, North Carolina and from third-party marine terminals in
Mobile, Alabama and Panama City, Florida.
To learn more about Enviva Partners, LP, please visit our website at www.envivabiomass.com.
Cautionary Note Concerning Forward-Looking Statements
Certain statements and information in this press release, including
those concerning the impact of Hurricane Florence on our operations, 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 our current expectations and
beliefs concerning future developments and their potential effects.
Although management believes that these forward-looking statements are
reasonable when made, there can be no assurance that future developments
will be those that management anticipates. These forward-looking
statements involve significant risks and uncertainties (some of which
are beyond our control) and assumptions that could cause actual results
to differ materially from our historical experience and our present
expectations or projections.