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Suzano posts 39 percent dip in net profit, switches CEO

MARYLAND (From news reporting for the bankruptcy process, hinting at possible negotiations to extend the current grace period. However, with the grace period's impending conclusion and mounting financial challenges, Enviva's future hangs in the balance.

Founded in 2010 with backing from energy-focused private equity firm Riverstone, which holds a significant stake in the company, Enviva expanded rapidly to become a major player in the wood pellet industry. The company operates 10 plants across the southern United States and six marine terminals, but its recent financial turmoil underscores the risks inherent in commodity-based industries and the volatile nature of speculative trading strategies.

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