Enviva, E.ON Sign Multi-Year Biomass Supply Contract

Feb 06, 2012, 06:00 ET from Enviva LP

WASHINGTON, Feb. 6, 2012 /PRNewswire/ -- Enviva LP ("Enviva"), a leading manufacturer of processed biomass fuel in the United States and Europe, and E.ON, one of the world's largest investor-owned utilities, today announced a multi-year 240,000 metric ton per year wood pellet supply agreement.

"Demand for clean, renewable resources like our sustainably produced wood pellets continues to grow as energy generators invest in alternatives to traditional fossil fuels," said John Keppler, chairman and CEO of Enviva. "Our partnership with E.ON reinforces the economic and environmental benefits achievable from renewable biomass resources in energy production."

"Strong agreements with companies like Enviva that are focused on growing biomass supply and share our views on the importance of promoting sustainability are essential for us to invest in biomass generation," said Jan Groeneveld, manager biomass sourcing at E.ON. "Biomass is one of the lowest-cost renewable solutions available and is a key part of helping us ensure that the lights stay on at a price that is affordable while helping to protect the climate."

The contract begins in early 2013. Enviva will supply the wood pellets from its facilities in the Southeastern U.S., home to some of the world's most abundant and sustainably managed wood baskets.

About Enviva                                                       

Enviva's mission is to become the preferred partner and supplier of sustainably sourced wood pellets and other processed biomass to serve power generation and industrial customers seeking to decrease their dependence on fossil fuels and reduce their carbon footprint. Enviva has been supplying wood chips and wood pellets to customers in the United States and Europe since 2007. Enviva's operating facilities represent more than 750,000 metric tons of annual production capacity, and the company has announced plans to build an additional one million metric tons of capacity in the mid-Atlantic region. For more information about Enviva, including job opportunities, go to www.envivabiomass.com.

About E.ON

E.ON is one of the world's largest investor-owned power and gas companies, with annual sales of more than 92 billion Euros and about 85,000 employees. E.ON plays a leading role in the development of the renewable industry worldwide and is already active in onshore and offshore wind technology, concentrating solar power (CSP), photovoltaic and biomass. E.ON currently operates over 8 GW of renewable capacity including large hydro and will invest another 7 billion Euros in renewable generation and climate protection projects over the next five years. E.ON has been named Green Energy Generator of the Year at the 2011 Platts Global Energy Awards. For more information about E.ON, go to www.eon.com.

Enviva Contact: Elizabeth Woodworth
+1 (301) 657 5560 x 170

E.ON Contact: Scott Somerville
+44 (2476) 183 438