Enviva to invest $250M in Mississippi wood pellet production plant

In Mississippi, Enviva Inc. invest approximately $250 million in Bond, Mississippi to build a new wood pellet production plant. The facility is a key component of the company’s growth strategy to double production capacity from the current 6.2 million metric tons annually to approximately 13 million metric tons annually over the next five years.

The plant is fully contracted under long-term take-or-pay supply contracts with customers around the world, providing for durable, positive economic impact to the community. In addition to creating around 100 local jobs with wages projected to be approximately 70 percent higher than the county average, the Bond plant will generate more than $1 million in taxes per year for the county and school district and deliver over $250 million annually in economic impact in the region. Once operational, the plant will support more than 350 jobs, including those in related industries such as logging and transportation.

The new plant in Stone County joins two other Enviva facilities in Mississippi, one in Amory, which is Enviva’s first production plant in the state, and the company’s most recent manufacturing facility in Lucedale. The company also owns and operates a deep-water marine terminal at the Port of Pascagoula from which pellets are shipped to customers in Europe and Asia. Combined, Enviva’s total investment in the Magnolia State is more than $600 million and supports over 850 direct and indirect jobs in Mississippi.