Enviva announces damage to wood pellet production facility

Enviva reported that all of its associates are safe and accounted for following a strong tornado that touched down in Amory, Mississippi, on March 24. The storm did, however, damage the company’s 115,000 metric ton per year wood pellet production facility, although Enviva’s larger plants and ports in the region were not impacted. Enviva’s Amory facility insurance covers property damage, inclusive of business interruption and casualty. Operations at the plant have been suspended pending a full review of the damage, but given the small size of the facility relative to the more than six million metric tons of installed production capacity across the company’s portfolio, the impact to customers and to the financial performance of the company is expected to be minimal. Enviva will continue to coordinate with local officials and first responders to understand the extent of the damage to the community and how it can best assist with disaster relief. The company will continue to assess any temporary impact on its operations and expects to provide an update as more information becomes available.