We've found yet another high dividend stock, with long-term contracts, and the promise of future dropdown assets from its parent company, that the market has trashed, along the rest of the basic materials universe. But this is not an oil stock. Rather, it supplies biomass, in the form of wood pellets, to power generating companies, mainly in Europe, where stiff environmental laws governing green house gas emissions are creating major demand for its products.
Enviva Partners LP, (NYSE:EVA), focuses on the production and distribution of utility-grade wood pellets to power generators. Enviva Partners GP, LLC, operates as the general partner of the company. Enviva Partners, LP, was founded in 2013 and is based in Bethesda, Maryland. Enviva Partners, LP, operates as a subsidiary of Enviva Holdings, LP.
Source: Seeking Alpha
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