Environmental Regulations

Woodworking Industry News

Is sun setting on Enviva's future?

In 2022, Maryland-based Enviva was riding high. For the second year in a row, revenue topped $1 billion, up 24% from two years prior. In April of that year, stocks hit a peak of $87 per share, and multiyear contracts were signed with customers across the European Union, United Kingdom, Japan and South Korea.Enviva, the world's largest bioenergy firm in the world, dominated the global market for wood pellets used by the energy industry.

Woodworking Industry News

$50 million earmarked to strengthen forest products economy

WASHINGTON — The U.S. Department of Agriculture’s Forest Service is making nearly $50 million in grant funding available for proposals that "support crucial links between resilient, healthy forests, strong rural economies and jobs in the forestry sector." This funding, the department said, will spark innovation, create new markets for wood products and renewable wood energy, expand processing capacity, and help tackle the climate crisis.