Enviva Partners, LP’s Off-Take Contract with Marubeni Becomes Firm
BETHESDA, Md.--(BUSINESS WIRE)--Oct 3, 2018--Enviva Partners, LP (NYSE: EVA) announced today that its previously disclosed take-or-pay off-take contract to supply 180,000 metric tons per year of wood pellets to Marubeni Corporation for fifteen years is now firm, as all conditions precedent to the effectiveness of the contract have been satisfied. Deliveries under the contract are scheduled to commence in 2022 and continue through 2036.
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 future deliveries under off-take contracts, 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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181003005678/en/
CONTACT: Enviva Partners, LP
Raymond Kaszuba, 240-482-3856
KEYWORD: UNITED STATES NORTH AMERICA MARYLAND
INDUSTRY KEYWORD: TRANSPORT MARITIME LOGISTICS/SUPPLY CHAIN MANAGEMENT NATURAL RESOURCES FOREST PRODUCTS
SOURCE: Enviva Partners, LP
Copyright Business Wire 2018.
PUB: 10/03/2018 04:15 PM/DISC: 10/03/2018 04:15 PM