{"id":77528,"date":"2019-06-03T10:34:23","date_gmt":"2019-06-03T10:34:23","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/30-pellets-sold-enviva-first-quarter\/"},"modified":"2025-09-19T08:50:51","modified_gmt":"2025-09-19T08:50:51","slug":"30-pellets-sold-enviva-first-quarter","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/30-pellets-sold-enviva-first-quarter\/","title":{"rendered":"30% more pellets sold by Enviva in the first quarter"},"content":{"rendered":"<div class=\"article-content\">\n<p><em><strong>The US-based pellet producer Enviva Partners LP marketed 843,000 t of pellets in the first quarter.\u00a0Compared to the same quarter of the previous year, this represents an increase of 30%.\u00a0<\/strong><\/em><\/p>\n<p>The proceeds from the pellet sales increased by US $ 156.6 million, according to the quarterly report released by the Group.\u00a0Including other revenues of $ 1.8 million, total revenue was $ 158.4 million, up 26.4%.<\/p>\n<p>Adjusted EBITDA of $ 21.6 million exceeded the prior-year figure by 22.7%.\u00a0Gross profit has doubled to $ 9.9 million.\u00a0After deducting general and administrative expenses of $ 9.8 million, operating income of $ 0.1 million was achieved;\u00a0In the same quarter of the previous year, the Group still reported a loss of US $ 11.8 million.\u00a0Including interest expense of $ 9.6 million versus other income of $ 0.6 million, net income was $ -8.9 million;\u00a0Compared to the previous year, the loss was more than halved.<\/p>\n<p>At the end of the first quarter, $ 9.9 billion of take-off contracts utilized Enviva's production capacity for 10.5 years.\u00a0Taking into account the Hamlet plant, which is due to be completed by the joint venture partner John Hancock Life Insurance, which is scheduled to go into regular production in June, orders worth US $ 14.4 billion will ensure capacity utilization for 12.2 years.<\/p>\n<p>Recently, Enviva entered into an off take contract with RWE Supply &amp; Trading, which will run for five years from 2020, with a total volume of 1 million tonnes or 200,000 tonnes of pellets per year.\u00a0In addition, Enviva has announced that it has entered into an off take contract with the Japanese Sumitomo Forestry.\u00a0Starting in 2022, 440,000 t of pellets \/ year will be delivered to the new biomass power plant in Fukushima Prefecture over a period of 18 years.<\/p>\n<\/div>\n<h2 class=\"section-title\"><\/h2>","protected":false},"excerpt":{"rendered":"<p>The US-based pellet producer Enviva Partners LP marketed 843,000 t of pellets in the first quarter.\u00a0Compared to the same quarter of the previous year, this represents an increase of 30%.\u00a0 The proceeds from the pellet sales increased by US $ &hellip; <a href=\"https:\/\/www.timberindustrynews.com\/ro\/30-pellets-sold-enviva-first-quarter\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":58181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4713,4716],"tags":[3634,3283],"class_list":["post-77528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-in-the-timber-industry","category-latest-trends","tag-enviva","tag-wood-pellets","topic-wood-energy","area-north-america"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - 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