Denmark’s Norden has bagged one of its largest shipping contracts in its 145-year history. It has concluded a deal with Enviva to ship 11m tons of wood pellets from the US to Europe over a 15-year period.
The pellets will be used by power firms as fuel
“Enviva is the world’s largest producer of wood pellets and we are proud that they have trusted us to deliver even more of their products to customers across the Atlantic,” said Jan Rindbo, Norden’s ceo.
“The global market for sustainable wood bioenergy is growing as more electric power generating plants convert from coal to wood pellets in order to reduce their lifetime carbon emissions. Our successful collaboration with Enviva has enabled us to play a leading role in this market.”
Norden has had a working relationship with Enviva since 2012.