Enviva rises on wood-pellet supply contract

Enviva

21/12/2022 16:47

** Shares of wood pellet processor Enviva Inc  EVA.N  up
3.3% at $54.86
    ** Signs 10-year take-or-pay fuel supply contract,
extendable for up to five years, with an existing European
customer  urn:newsml:reuters.com:*:nBw858vwJa
    ** Co expects to supply 800,000 metric tons of
industrial-grade wood pellets per year
    ** Expects deliveries to start in 2027
    ** EVA's stock down 22% so far this year
 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))