Enviva Completes Conversion

MOBILE, Ala — Enviva Inc. has completed its conversion from a master limited partnership named “Enviva Partners, LP” to a corporation named “Enviva Inc.” As part of the conversion, each outstanding limited partnership unit was exchanged for one share of Enviva Inc. common stock, traded on the New York Stock Exchange under the same “EVA” ticker symbol. Quarterly distributions will be considered dividends for U.S. tax purposes. John Keppler, Chairman and CEO, explained, “This conversion creates an opportunity for investors worldwide to participate in the significant accretion we see ahead of us, whether by directly investing in Enviva Inc. or investing passively through one of the many indices for which we are now eligible. We believe the potential growth ahead for our renewable product is exponential, as we continue to facilitate the energy transition and help difficult-to-decarbonize industries become less greenhouse gas-intensive and more sustainable.” The company is one of the world’s largest producers of industrial wood pellets and has partnered with the Port of Mobile’s deepwater marine terminal and other ports to export them to global markets.