Enviva and J-Power Join Efforts to Decarbonize Power Generation in Japan
Enviva Inc. (EVA)
Last enviva inc. earnings: 4/29 04:30 pm
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Source: Business Wire
Enviva will work with J-Power to develop a global supply chain of up to 5 million metric tons of sustainable woody biomass to replace coal in J-Power’s power plants BETHESDA, Md. & TOKYO--(BUSINESS WIRE)--Enviva Partners, LP (NYSE:EVA) (“Enviva”), a global renewable energy company specializing in sustainable wood bioenergy, and Tokyo-based utility Electric Power Development Co., Ltd. (TYO:9513) (“J-Power”), have signed a memorandum of understanding (MOU) for the long-term, large-scale supply of sustainable wood biomass from Enviva's manufacturing facilities in the U.S. Southeast to J-Power’s coal-fired power plants in Japan. The agreement is designed to develop an executable and investable plan under which Enviva will build new infrastructure to produce and deliver up to 5 million metric tons of sustainable wood pellets to permanently replace coal in J-Power’s existing coal-fired power plants, significantly curbing the utility’s greenhouse-gas emissions. The MOU provides a framewor
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