Enviva, a manufacturer of processed biomass fuel, has acquired a controlling stake in Tomorrow's Energy and its Piney Woods pellet manufacturing facility to continue the growth of its biomass supply business.
Under Enviva’s ownership, the Wiggins-based Piney Woods pellet manufacturing facility, which has a current capacity to produce approximately 50,000 tons of wood pellets annually, will be renamed Enviva Pellets Wiggins.
Over the coming months, proceeds from Enviva’s strategic investment will be used to increase the facility’s production capacity to approximately 150,000 tons annually.
All raw biomass materials to be used at Enviva Pellets Wiggins will be sourced locally, and the company has also signed a long-term wood pellet supply contract with a GDF Suez Group subsidiary, Electrabel.
In addition to Piney Woods Pellets, Enviva has acquired another Mississippi-based wood pellet manufacturer, CKS Energy.