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After months of economic uncertainty, the world's biggest wood-to-energy company with a significant economic footprint in Eastern North Carolina has filed for bankruptcy. Late Tuesday, Enviva ...
The bankruptcy follows months of turmoil as Enviva’s stock price plummeted by more than 90 percent, leading to warnings that the company could be delisted from the New York Stock Exchange.
Wood pellets produced at the Enviva plant in Northampton County, N.C., seen on Sept. 3, 2019. Enviva, the world’s largest producer of wood pellets, declared bankruptcy this week.
Enviva Inc. is the world's largest producer of wood pellets used for energy production. The company has been the subject of controversy regarding its sustainability with an environmental group's analysis suggesting Enviva is responsible for 50 acres a day of clear-cut land and significantly increased CO 2 production compared to coal per megawatt-hour.
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Pages in category "Companies that filed for Chapter 11 bankruptcy in 2024" The following 170 pages are in this category, out of 170 total. This list may not reflect recent changes .
The company, which operates four mills in Eastern N.C., filed for Chapter 11 bankruptcy last week, stating that it had debts of more than $2.6 billion.
[53] [58] According to the Biomass Energy Resource Center, the assumption of carbon neutrality "has shifted to a recognition that the carbon implications of biomass depend on how the fuel is harvested, from what forest types, what kinds of forest management are applied, and how biomass is used over time and across the landscape." [49