Weyerhaeuser Launches Thrive Program
Weyerhaeuser Co. has launched a program that will provide targeted support to five of its rural operating communities, starting with Zwolle, La., and the northwest Louisiana region. The new program, called Thrive, involves a commitment from Weyerhaeuser to invest $1 million in each community over the next several years.
As part of this $5 million investment, the company will work with innovative partners including businesses, nonprofits and governments to further support these communities through grants and other types of funding and local engagement.
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Enviva Proceeds Into Chapter 11
Enviva Inc., the world’s largest producer of industrial wood pellets, and certain of its subsidiaries have commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Eastern District of Virginia, citing $1.8 billion of debt outstanding.
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