Enviva exits bankruptcy protection

Enviva announced on Friday, December 6, 2024, that it has successfully emerged from Chapter 11 bankruptcy protection, marking a significant milestone in the company’s strategic transformation. According to the press release, Enviva is now well-positioned for long-term growth and consistent operational performance. This strengthened position enables the company to continue serving its customers as a market leader and a critical partner in meeting the demand for renewable fuel. The U.S. Bankruptcy Court for the Eastern District of Virginia confirmed Enviva’s Plan of Reorganization (the “Plan”) with overwhelming support from key stakeholders and business partners ...