Enviva manufacturers wood pellet plants in the southeastern part of the U.S. from tree farm scraps and pulp mill waste.
These pellets are sold to power generators in Europe and Japan as they convert coal plants to biomass. This technology reduces the carbon footprint of these plants by roughly 80%, making it a key part of the decarbonization strategy for utilities. By working closely with the independent stewardship organizations, Enviva helps assure that the tree farms are managed responsibly.
The company's strategic access to so much forest growth is key to securing a contracted revenue backlog of over $10 billion, with a contract maturity of over 11 years. Enviva has refined its technology to raise the burning temperature of pellets, enabling them to produce more energy. The company has also slashed costs by building facilities close to logging sites where it can collect scraps that sawmills cannot use. Enviva's targeted return is 15%, with a current yield of 7.
Ken Squire is the founder and president of 13D Monitor, an institutional research service on shareholder activism, and the founder and portfolio Manager of the 13D Activist Fund, a mutual fund that invests in a portfolio of activist 13D investments.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jeff Daniels to Narrate Audiobook of Jim Carrey's New Novel, 'Memoirs and Misinformation'.DumbAndDumber costars and friends JimCarrey and Jeff Daniels are teaming up for new project
Read more »
This is one Amazon customer that Jeff Bezos is ‘happy to lose’'Dave, you’re the kind of customer I’m happy to lose.” Here's why:
Read more »
Tiger King's Jeff Lowe Is Being Sued by the State of Oklahoma for $50,000 in Back TaxesJeff Lowe was ordered to 'cease and desist all business operations' at the G.W. Exotic Animal Park on May 1
Read more »
Actor-Rapper Tip “T.I.” Harris, Kevin Hart Producing Partner Jeff Clanagan Hit Hollywood Diversity Efforts, ‘Gone With The Wind’Actor and rapper Tip “T.I.” Harris and Jeff Clanagan, Kevin Hart’s business partner, represented the entertainment perspective in a virtual panel Thursday examining issues across society and culture raised by the GeorgeFloyd protests
Read more »
Queen Latifah Talks Movie About a Young Black Woman Who Feels 'More Human' as a Police OfficerThe films in The films in 'The Queen Collective' air June 13th at 9 p.m. ET on BET air June 13th at 9 p.m. ET on BET
Read more »