Enviva Partners, LP (EVA) plays a unique role in the world's efforts to fight global warming and move away from fossil fuels, explains income expert Rida Morwa, editor of High Dividend Opportunities.

Structured as a Master Limited Partnership, EVA has a rapidly growing distribution, with a 5-year compound annual growth rate of over 10%. So what exactly does EVA do? They convert trees that are undesirable for other products into compressed biofuel pellets. Many nations consider these pellets to be carbon neutral.

Trees absorb CO2 from the air during their lifetime, so burning them only releases what they've removed, or so the governments have decided. While I'm no expert in carbon capture technology or global warming, I do know an excellent income opportunity when I see one.

Coal consumption for power generation has dropped rapidly in the Eurozone, EVA's primary customer region. Many countries have moved to burn biomass in the same facilities that coal was previously burned in to supplement their power grids.

Source: Earning Presentation

The rapid move away from fossil fuels, with coal being the worst polluter, to carbon-neutral biomass has provided EVA with a massive market.

EVA also has expanded operations to sell biomass into the Asian market as well. This leaves EVA with a massive take-or-pay contractual backlog that is driving their rapid growth.

The EVA method is simple. Set up a facility in a sparsely populated region with plenty of timberlands. Produce the pellets and truck or train them to a harbor to ship to customers. So far, this model has allowed EVA to make cookie cutter-type facilities that are completely contracted upon completion.

Source: EVA Earning Presentation

EVA has dominated the S&P 500 since its inception and we expect that it will continue to do so. EVA is a perfect mix of being on the forefront of enabling countries to have a carbon-neutral option for power generation, paying large sums of income to investors, and being popular with ESG minded investors.

When you find a choice that can appeal to a massive trend among the investment community and global community that also pays a rapidly growing strong distribution, you buy with both hands. Note: EVA is a limited partnership and issues a K-1 at tax time.

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