BETHESDA, Md.–(BUSINESS WIRE)–#AirPermit–Enviva Inc. (NYSE: EVA), the world’s leading producer of sustainably sourced woody biomass, issued a statement today thanking the Mississippi Department of Environmental Quality’s (MDEQ) permit board for unanimous approval for the construction permit of Enviva’s Bond, Mississippi facility. The permit was issued after an extensive review process that included a public comment period, a well-attended public hearing, and numerous public comments. The proposed facility will be designed to produce approximately 1.2 million oven dried tons (ODT) per year of wood pellets and will be equipped with maximum achievable control technologies to curb emissions to the greatest extent possible. Emission control technologies to be deployed throughout the site include baghouses, bin vents, wet electrostatic precipitators (WESP), and thermal oxidative controls (RTOs/RCOs).

Thomas Meth, Enviva’s President and CEO, issued the following statement:

“We appreciate the regulatory process and diligence that MDEQ and the air permit board demonstrated over the last 8 months in reviewing and issuing our permit. Our teams worked diligently with MDEQ to address questions raised by the community on the air quality of our operations, following the public comment process, and provided science-backed assurances which demonstrate no negative impact to air quality in the surrounding communities. We look forward to becoming a part of the Stone County community and to bringing economic development along with environmental leadership with our forthcoming plant.”

To obtain this permit, over the last year, Enviva engaged closely with the community to hear and proactively address any concerns, as well as prove the plant will comply with all regulatory requirements to protect public health and the environment. As it relates to operations, Enviva’s existing plants perform routine emission testing on all emission point sources. These tests are conducted by third-party experts and then submitted to the applicable regulatory agency for approval. Approved emission test results are made public and continue to demonstrate Enviva’s consistent compliance with established regulatory limits across the states in which Enviva operates. All Enviva’s facilities are subject to periodic on-site inspections, which are conducted by state regulatory agencies. These inspections review site operations, environmental monitoring, and environmental recordkeeping, among other variables, and the same regulatory oversight will apply to Enviva’s forthcoming Bond plant.

Enviva’s Bond plant will strengthen the regional wood market for previously unmerchantable timber, creating additional incentives for local landowners to keep their forests as forests. Once operational, the facility in Bond, MS will support approximately 350 direct and indirect jobs, including adjacent industries such as logging and trucking. Enviva remains committed to working tirelessly – every day – to be a company that makes Mississippi proud.

To learn more about Enviva’s forthcoming plant in Bond, MS, we encourage you to visit: https://enviva-bond.com/

About Enviva

Enviva Inc. (NYSE: EVA) is the world’s largest producer of industrial wood pellets, a renewable and sustainable energy source produced by aggregating a natural resource, wood fiber, and processing it into a transportable form, wood pellets. Enviva owns and operates ten plants with a combined production capacity of approximately 6.2 million metric tons per year in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi, and is constructing its 11^th plant in Epes, Alabama. Additionally, Enviva is planning to commence construction of its 12^th plant near Bond, Mississippi. Enviva sells most of its wood pellets through long-term, take-or-pay off-take contracts with primarily creditworthy customers in the United Kingdom, the European Union, and Japan, helping to accelerate the energy transition and to defossilize hard-to-abate sectors like steel, cement, lime, chemicals, and aviation. Enviva exports its wood pellets to global markets through its deep-water marine terminals at the Port of Chesapeake, Virginia, the Port of Wilmington, North Carolina, and the Port of Pascagoula, Mississippi, and from third-party deep-water marine terminals in Savannah, Georgia, Mobile, Alabama, and Panama City, Florida.

To learn more about Enviva, please visit our website at www.envivabiomass.com. Follow Enviva on social media @Enviva.

Contacts

Jacob Westfall

media@envivabiomass.com
+1-301-657-5560

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

OTTAWA, Ontario–(BUSINESS WIRE)–InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that its distribution declared for the month of March 2023 is $0.0300 per Trust unit, equal to $0.3600 per Trust unit on an annualized basis. Payment will be made on or about April 17, 2023, to unitholders of record on March 31, 2023.

About InterRent

InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties.

InterRent’s strategy is to expand its portfolio primarily within markets that have exhibited stable market vacancies, sufficient suites available to attain the critical mass necessary to implement an efficient portfolio management structure, and offer opportunities for accretive acquisitions.

InterRent’s primary objectives are to use the proven industry experience of the Trustees, Management and Operational Team to: (i) to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii) to provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii) to maintain a conservative payout ratio and balance sheet.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts

Investor Relations

investorinfo@interrentreit.com
www.interrentreit.com

KALAMAZOO, Mich.–(BUSINESS WIRE)–FlavorSum, a North American flavor producer, has begun construction on an expansion project that will add 35,000 square feet to its Kalamazoo, Michigan facility. With the increased footprint, FlavorSum will build out more technical resources and capacity to meet the needs of small, mid-sized and emerging food & beverage companies.

“Response to our solutions model and the growth of SME food and beverage brands led us to expand our capabilities in Kalamazoo,” says Brian Briggs, President and CEO of FlavorSum. “FlavorSum’s mission is to deliver the flexibility of a small supplier with the resources of a major flavor company. The additional space allows us to continue fulfilling our promise.”

The revamped facility and deepening technical expertise reflect FlavorSum’s resolve to maintain industry leading growth rates. Pilot plant and lab space within the new facility will support initiatives such as MicroThermics equipment, improved shipping and receiving processes, and increased product storage.

“At FlavorSum, creating custom flavors that align with brand goals and consumer trends is only one aspect of our approach,” commented Dave Franz, CRO. “We partner with our customers to offer a full suite of services designed to facilitate in-market success, from regulatory expertise and market insights to applications and scale-up support. A larger facility in Kalamazoo ensures we’re positioned to support our customers as they grow.”

The Kalamazoo community is essential to FlavorSum’s operational success. FlavorSum expects increased employment opportunities from the expansion project.

The expansion plan aims to have the facility operating at full capacity in August, 2023.

About FlavorSum

FlavorSum helps growing North American food and beverage companies go to market quickly and cost-effectively. The company provides flavor solutions for delivering great-tasting products that inspire loyalty among today’s consumers. FlavorSum is a portfolio company owned by The Riverside Company, a global private equity firm.

Contacts

Lisa Jackson

Marketing

FlavorSum, LLC

+1 800-525-2431

ljackson@flavorsum.com