Enviva Inc. announced the signing of a new memorandum of understanding (MOU) for a 1,000,000 metric tons per year (MTPY), 10 to 15-year, take-or-pay fuel supply agreement to supply a new German utility customer. The MOU is expected to convert to a firm contract over the next 12 months, with initial deliveries projected as early as 2024. Enviva announced the signing of a new letter of intent (LOI) for a 100,000 MTPY, 10-year, take-or-pay fuel supply agreement with a new German customer that serves a new industrial use case for Enviva, and is expected to convert to a firm contract during the second half of 2022, with initial deliveries projected as early as 2023.
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