The pellets fuel plants that might have previously relied on Russian coal or natural gas. “There’s never been a better time to be in the pellet business,” Keppler says. While Vladimir Putin’s invasion of Ukraine has produced a windfall for Enviva, it’s no overnight success. In fact, burning wood pellets emits more carbon dioxide for the same amount of energy than does coal. They tapped higher-risk capital (from investors like Jeffrey Ubben of Inclusive Capital) to finance new pellet plants and launched a master limited partnership to buy the plants once they were built.

Source: Forbes September 20, 2022 23:52 UTC