{"id":744159,"date":"2023-03-30T17:30:14","date_gmt":"2023-03-30T21:30:14","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/enviva-welcomes-rediii-agreement-and-continued-recognition-of-biomass-as-100-renewable\/"},"modified":"2023-03-30T17:30:14","modified_gmt":"2023-03-30T21:30:14","slug":"enviva-welcomes-rediii-agreement-and-continued-recognition-of-biomass-as-100-renewable","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/enviva-welcomes-rediii-agreement-and-continued-recognition-of-biomass-as-100-renewable\/","title":{"rendered":"Enviva Welcomes REDIII Agreement and Continued Recognition of Biomass as 100% Renewable"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Enviva Welcomes REDIII Agreement and Continued Recognition of Biomass as 100% Renewable<\/b><\/p>\n<p>BETHESDA, Md.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nEnviva Inc. (NYSE: EVA) (\u201cEnviva,\u201d \u201cour,\u201d \u201cwe,\u201d or the \u201cCompany\u201d) welcomes today\u2019s news that the European Union\u2019s trilogue negotiations concluded with an agreement on the Renewable Energy Directive III (\u201cREDIII\u201d or the \u201cDirective\u201d) and is pleased to hear that woody biomass will continue to be recognized as a renewable energy source in the EU.\n<\/p>\n<p>\nAlthough the final text of the agreement has yet to be released publicly, the Company also understands that, encouragingly, the agreement does not impose restrictions on \u201c<i>primary woody biomass<\/i>,\u201d which will be counted as 100 percent renewable and zero-rated in the EU Emissions Trading System (EU ETS), provided sustainability criteria are fulfilled. As the world\u2019s leading producer of sustainably sourced woody biomass, Enviva is confident that it will be able to meet all updated sustainability criteria, thereby enabling its customers to continue to make an important contribution to achieving global climate goals.\n<\/p>\n<p>\nToday\u2019s agreement is also expected to include: assurances that electricity-only plants already receiving subsidies will continue to do so, meaning Enviva\u2019s existing off-take contracts are not expected to be impacted; continuing availability of financial support to electricity-only installations where Bioenergy Energy Carbon Capture and Storage (BECCS) is used (this is a pivotal technology for reaching Net Zero and a key focus for many of Europe\u2019s power generators); and the availability of financial support for all other end uses of woody biomass, which should provide further tailwinds to Enviva\u2019s continued growth in combined heat and power, hard-to-abate sectors, and biofuels.\n<\/p>\n<p>\n\u201cToday\u2019s REDIII agreement is the last major step towards the end of an 18-month process that is now drawing to a favorable conclusion for the environment,\u201d said Thomas Meth, President and CEO of Enviva. \u201cWhile there will be some conjecture over the coming weeks, based on information that we have received thus far, I am fully confident that the final text will enable our business to continue to support the EU&#8217;s journey to Net Zero and will strengthen the platform for Enviva\u2019s growth, especially in light of current high carbon prices. Reputable scientific organizations, including The Intergovernmental Panel on Climate Change (IPCC), show that bioenergy is integral to achieving global climate goals, and I am delighted to hear that this was acknowledged and reflected in the REDIII agreement,\u201d concluded Meth.\n<\/p>\n<p>\nEnviva anticipates that the agreed final text of the Directive will not be available for a number of weeks and looks forward to sharing further information with its stakeholders in due course. The next step is for this agreement to be formally endorsed by the Council and Parliament before entering into law.\n<\/p>\n<p><b>About Enviva<\/b><\/p>\n<p>\nEnviva Inc. (NYSE: EVA) is the world\u2019s largest producer of industrial wood pellets, a renewable and sustainable energy source produced by aggregating a natural resource, wood fiber, and processing it into a transportable form, wood pellets. Enviva owns and operates ten plants with a combined production capacity of approximately 6.2 million metric tons per year in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi, and is constructing its 11<sup>th<\/sup> plant in Epes, Alabama. Additionally, Enviva is planning to commence construction of its 12<sup>th<\/sup> plant near Bond, Mississippi. Enviva sells most of its wood pellets through long-term, take-or-pay off-take contracts with primarily creditworthy customers in the United Kingdom, the European Union, and Japan, helping to accelerate the energy transition and to defossilize hard-to-abate sectors like steel, cement, lime, chemicals, and aviation. Enviva exports its wood pellets to global markets through its deep-water marine terminals at the Port of Chesapeake, Virginia, the Port of Wilmington, North Carolina, and the Port of Pascagoula, Mississippi, and from third-party deep-water marine terminals in Savannah, Georgia, Mobile, Alabama, and Panama City, Florida.\n<\/p>\n<p>\nTo learn more about Enviva, please visit our website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.envivabiomass.com&amp;esheet=53371687&amp;newsitemid=20230330005804&amp;lan=en-US&amp;anchor=www.envivabiomass.com&amp;index=1&amp;md5=983b13077956d863e0829df19427b54a\">www.envivabiomass.com<\/a>. Follow Enviva on social media @Enviva.\n<\/p>\n<p><b>Cautionary Note Concerning Forward-Looking Statements<\/b><\/p>\n<p>\nThe information included herein and in any oral statements made in connection herewith include \u201cforward-looking statements\u201d within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included herein are forward-looking statements. These forward-looking statements are based on management\u2019s current expectations and assumptions about future events and are based on currently available information as to the outcome of future events. Except as otherwise required by applicable law, Enviva disclaims any duty to revise or update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. Enviva cautions you that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Enviva.\n<\/p>\n<p>\nActual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact Enviva\u2019s expectations and projections can be found in Enviva\u2019s periodic filings with the SEC. Enviva\u2019s SEC filings are available publicly on the SEC\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=53371687&amp;newsitemid=20230330005804&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=2&amp;md5=7d5a82d133e3c5e529423053c5d37506\">www.sec.gov<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230330005804r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230330005804\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230330005804\/en\/<\/a><\/span><\/p>\n<p>\nMaria C. Moreno<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:media@envivabiomass.com\">media@envivabiomass.com<br \/>\n<\/a><br \/>+1-301-657-5560\n<\/p>\n<p><b>KEYWORDS:<\/b> Maryland Europe United States North America Asia Pacific<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Public Policy Other Policy Issues Forest Products Agriculture Utilities Natural Resources Alternative Energy Public Policy\/Government Environment Energy Sustainability<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230330005804\/en\/1752583\/3\/Enviva_Logo_FINAL.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Enviva Welcomes REDIII Agreement and Continued Recognition of Biomass as 100% Renewable BETHESDA, Md.&#8211;(BUSINESS WIRE)&#8211; Enviva Inc. (NYSE: EVA) (\u201cEnviva,\u201d \u201cour,\u201d \u201cwe,\u201d or the \u201cCompany\u201d) welcomes today\u2019s news that the European Union\u2019s trilogue negotiations concluded with an agreement on the Renewable Energy Directive III (\u201cREDIII\u201d or the \u201cDirective\u201d) and is pleased to hear that woody biomass will continue to be recognized as a renewable energy source in the EU. Although the final text of the agreement has yet to be released publicly, the Company also understands that, encouragingly, the agreement does not impose restrictions on \u201cprimary woody biomass,\u201d which will be counted as 100 percent renewable and zero-rated in the EU Emissions Trading System (EU ETS), provided sustainability criteria are &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/enviva-welcomes-rediii-agreement-and-continued-recognition-of-biomass-as-100-renewable\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Enviva Welcomes REDIII Agreement and Continued Recognition of Biomass as 100% Renewable&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-744159","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Enviva Welcomes REDIII Agreement and Continued Recognition of Biomass as 100% Renewable - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/enviva-welcomes-rediii-agreement-and-continued-recognition-of-biomass-as-100-renewable\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enviva Welcomes REDIII Agreement and Continued Recognition of Biomass as 100% Renewable - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Enviva Welcomes REDIII Agreement and Continued Recognition of Biomass as 100% Renewable BETHESDA, Md.&#8211;(BUSINESS WIRE)&#8211; Enviva Inc. (NYSE: EVA) (\u201cEnviva,\u201d \u201cour,\u201d \u201cwe,\u201d or the \u201cCompany\u201d) welcomes today\u2019s news that the European Union\u2019s trilogue negotiations concluded with an agreement on the Renewable Energy Directive III (\u201cREDIII\u201d or the \u201cDirective\u201d) and is pleased to hear that woody biomass will continue to be recognized as a renewable energy source in the EU. Although the final text of the agreement has yet to be released publicly, the Company also understands that, encouragingly, the agreement does not impose restrictions on \u201cprimary woody biomass,\u201d which will be counted as 100 percent renewable and zero-rated in the EU Emissions Trading System (EU ETS), provided sustainability criteria are &hellip; Continue reading &quot;Enviva Welcomes REDIII Agreement and Continued Recognition of Biomass as 100% Renewable&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/enviva-welcomes-rediii-agreement-and-continued-recognition-of-biomass-as-100-renewable\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-30T21:30:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230330005804r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/enviva-welcomes-rediii-agreement-and-continued-recognition-of-biomass-as-100-renewable\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/enviva-welcomes-rediii-agreement-and-continued-recognition-of-biomass-as-100-renewable\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Enviva Welcomes REDIII Agreement and Continued Recognition of Biomass as 100% Renewable\",\"datePublished\":\"2023-03-30T21:30:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/enviva-welcomes-rediii-agreement-and-continued-recognition-of-biomass-as-100-renewable\\\/\"},\"wordCount\":929,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/enviva-welcomes-rediii-agreement-and-continued-recognition-of-biomass-as-100-renewable\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230330005804r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/enviva-welcomes-rediii-agreement-and-continued-recognition-of-biomass-as-100-renewable\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/enviva-welcomes-rediii-agreement-and-continued-recognition-of-biomass-as-100-renewable\\\/\",\"name\":\"Enviva Welcomes REDIII Agreement and Continued Recognition of Biomass as 100% Renewable - 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(NYSE: EVA) (\u201cEnviva,\u201d \u201cour,\u201d \u201cwe,\u201d or the \u201cCompany\u201d) welcomes today\u2019s news that the European Union\u2019s trilogue negotiations concluded with an agreement on the Renewable Energy Directive III (\u201cREDIII\u201d or the \u201cDirective\u201d) and is pleased to hear that woody biomass will continue to be recognized as a renewable energy source in the EU. Although the final text of the agreement has yet to be released publicly, the Company also understands that, encouragingly, the agreement does not impose restrictions on \u201cprimary woody biomass,\u201d which will be counted as 100 percent renewable and zero-rated in the EU Emissions Trading System (EU ETS), provided sustainability criteria are &hellip; Continue reading \"Enviva Welcomes REDIII Agreement and Continued Recognition of Biomass as 100% Renewable\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/enviva-welcomes-rediii-agreement-and-continued-recognition-of-biomass-as-100-renewable\/","og_site_name":"Market Newsdesk","article_published_time":"2023-03-30T21:30:14+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230330005804r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/enviva-welcomes-rediii-agreement-and-continued-recognition-of-biomass-as-100-renewable\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/enviva-welcomes-rediii-agreement-and-continued-recognition-of-biomass-as-100-renewable\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Enviva Welcomes REDIII Agreement and Continued Recognition of Biomass as 100% Renewable","datePublished":"2023-03-30T21:30:14+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/enviva-welcomes-rediii-agreement-and-continued-recognition-of-biomass-as-100-renewable\/"},"wordCount":929,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/enviva-welcomes-rediii-agreement-and-continued-recognition-of-biomass-as-100-renewable\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230330005804r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/enviva-welcomes-rediii-agreement-and-continued-recognition-of-biomass-as-100-renewable\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/enviva-welcomes-rediii-agreement-and-continued-recognition-of-biomass-as-100-renewable\/","name":"Enviva Welcomes REDIII Agreement and Continued Recognition of Biomass as 100% Renewable - 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