Enviva Inc. - EVA STOCK NEWS

Enviva Inc. (NYSE: EVA) and MOL Drybulk Ltd. have signed a memorandum of understanding to deploy an environmentally friendly bulk carrier by 2024. The initiative aims to reduce greenhouse gas emissions by 20% using rotor sail technology and MOL's Wind Challenger technology. This partnership is crucial in achieving Enviva's goal of net-zero greenhouse gas emissions by 2030, as shipping contributes significantly to supply chain emissions. The vessel, with a capacity of 62,900 dwt, will be built by Oshima Shipbuilding.

Enviva Inc. (EVA) reported a net loss of $45.3 million for Q1 2022, a significant increase from $23.2 million in Q1 2021. The adjusted EBITDA climbed to $36.6 million, up from $21.7 million year-over-year. In response to operational challenges, Enviva revised its 2022 guidance, projecting a net loss between $30 million and $10 million, and adjusted EBITDA of $230 million to $270 million. The company declared a quarterly dividend of $0.905 per share, marking a 15.3% increase from 2021. Enviva also secured two long-term agreements with German customers, enhancing its market presence.

Enviva Inc. (NYSE: EVA) announced that its management team will participate in two investor conferences this May. The events include Citi’s 2022 Global Energy, Utilities, and Climate Technology Conference on May 10, and the Energy Infrastructure Council Investor Conference from May 16-17. Enviva is the world’s largest producer of industrial wood pellets, with a production capacity of about 6.2 million metric tons per year across various states, including Virginia and North Carolina. The company exports its products globally, supporting the transition to renewable energy.

Enviva (NYSE: EVA), the largest producer of sustainable bioenergy, received the Chancellor’s Award for Leadership in Philanthropy from Paul D. Camp Community College in Virginia on April 21, 2022. The award recognizes exceptional contributions by leaders aiding community growth through education and workforce training. Enviva has been actively involved in local initiatives, including support for youth and education, benefiting the Franklin and Southampton communities. The company emphasizes its commitment to social responsibility and community partnerships.

Enviva Inc. (NYSE: EVA), a leading producer of sustainable wood bioenergy, received the "Red Diamond Patriot Award" from the Bertie County NAACP for community support. Chris Brown, Senior Community Relations Manager, was honored during the Annual Freedom Fund Banquet on April 2, 2022, for his advocacy and partnership with local organizations. Over the past two years, Enviva has actively participated in community projects, including disaster relief following the 2020 tornado and support during the COVID-19 pandemic by providing food and supplies to affected families.

Enviva Inc. (NYSE: EVA) will hold a conference call on May 5, 2022, at 10:00 a.m. Eastern Time to discuss its first quarter 2022 financial results. Investors can participate by dialing (877) 883-0383 in the U.S. or +1 (412) 902-6506 internationally, using Participant Entry Number 0992347. The call will be accessible via webcast through the Investor Relations section of Enviva’s website. Replays of the call will also be available for a year online.

Enviva is the world's largest producer of industrial wood pellets, operating ten plants with a combined capacity of approximately 6.2 million metric tons annually.

Enviva Inc (NYSE: EVA) is set to invest approximately $250 million in a new wood pellet production plant in Bond, Mississippi. This facility aims to double the company's production capacity from 6.2 million to 13 million metric tons annually over the next five years. Fully contracted under long-term agreements, the plant is expected to create around 100 local jobs with wages significantly above the county average and generate over $1 million in taxes per year. Construction begins in early 2023, lasting about 18 months.

The Mississippi Gulf Coast Community College (MGCCC) has partnered with Enviva (NYSE: EVA) to launch a new workforce development program aimed at enhancing employee skills. The program will train current and prospective Enviva workers at the MGCCC’s George County Center, starting from March 1, 2022. This 18-week program focuses on safety awareness and practical job skills, helping employees advance in their careers. Enviva will support employees with paid time off for training, with a certificate awarded upon completion, fostering local economic growth.

Enviva (NYSE: EVA) announces the establishment of the $250,000 Enviva Endowed Scholarship at North Carolina Agricultural & Technical State University, the nation's largest historically Black university. This endowment aims to provide merit-based scholarships for local undergraduate students in various fields, fostering a diversified workforce in forestry and agribusiness. Funding will occur over five years, supporting students from specific North Carolina counties. This initiative reinforces Enviva's commitment to creating pathways for future leaders in sustainable energy and agriculture.