Enviva Partners, LP Reports Minimal Hurricane Damage
BETHESDA, Md.--(BUSINESS WIRE)--Sep 17, 2018--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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180917005735/en/
CONTACT: Enviva Partners, LP
Raymond Kaszuba, 240-482-3856
KEYWORD: UNITED STATES NORTH AMERICA MARYLAND NORTH CAROLINA
INDUSTRY KEYWORD: TRANSPORT MARITIME MANUFACTURING LOGISTICS/SUPPLY CHAIN MANAGEMENT OTHER MANUFACTURING NATURAL RESOURCES FOREST PRODUCTS
SOURCE: Enviva Partners, LP
Copyright Business Wire 2018.
PUB: 09/17/2018 04:15 PM/DISC: 09/17/2018 04:15 PM