Updated: Mon, 12/10/2012 - 18:23

Enova, Colonial sign port agreement

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Enova Wood Pellet Group, a subsidiary of Enova Energy Group, has entered into a long-term port agreement with Georgia Kaolin Terminals, Inc. (GKT) a subsidiary of Savannah-based Colonial Group, Inc.

The agreement will give Enova enough port capacity to export up to 1.35 million metric tons of wood pellets per year through Colonial’s GKT facility. Atlanta-based Enova is developing a network of three wood-pellet production plants in Georgia and South Carolina to deliver wood pellets to GKT via rail. 

“This is a tremendous milestone for Enova to partner with a world-class terminal operator such as Colonial Group, because it will enable Enova to export the largest quantity of wood pellets through a single port facility in the Southeast,” said Mark Newhart, Enova’s vice president of logistics and transportation. “The terminal will provide a steady source of income and add new jobs to the community.” 

GKT had been used to export of kaolin clay for the paper industry but is being converted for use in the biomass market. 

“We look forward to this long-term partnership with Enova for the storage and handling of their wood products and the diversification that it adds to our dry bulk terminals,” said Pratt Summers, assistant vice president of operations for Colonial.

 

BREAKOUT

 

Enova Energy Group, LLC.

Enova Energy Group, LLC (www.enovaenergygroup.com) is headquartered in Atlanta with an additional office in New York City.  Enova Energy Group was founded in 2009 with the goal of becoming a leader in the development and operations of renewable energy facilities in the United States.

 

Colonial Group, Inc.

Colonial Group, Inc. (www.colonialgroupinc.com) is a Savannah-based group of companies with a focus on energy and port-related activities.  Georgia Kaolin Terminal is a 60-acre bulk marine terminal with twenty-six silos and two shiploaders capable of loading Panamax vessels at 1,000 metric tons per hour.

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