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Company Description

Contact Info

445 South Street

Morristown, NJ 07960

United States

Phone: 862-345-5000


Covanta Holding Corporation, through its subsidiaries, provides waste and energy services in the United States and Canada. Outside of North America, the company is constructing an energy-from-waste (EfW) facility in Dublin, Ireland, which it owns and would operate upon completion, and it holds equity interests in EfW facilities in China and Italy. Projects in the North America segment that the company owns or leases are conducted at properties, which it owns or leases, aggregating approximately 1,817 acres, of which 1,455 acres are owned and 362 acres are leased. As of December 31, 2015, the company is the part owner/operator of five international projects with businesses conducted at properties that are either leased or have land rights aggregating to 79 acres. The company owns and operates infrastructure for the conversion of waste to energy. Its EfW facilities earn revenue from both the disposal of waste and the generation of electricity, generally under long-term contracts, as well as from the sale of metals recovered during the EfW process. The company’s facilities process approximately 20 million tons of solid waste annually, equivalent to 7% of post-recycled municipal solid waste (MSW) generated in the United States. The company operates and/or has ownership positions in 45 EfW facilities, which are primarily located in North America, and 11 additional energy generation facilities, including other renewable energy production facilities in North America (wood biomass and hydroelectric). In total, these assets produce approximately 10 million megawatt hours of baseload electricity annually. The company also operates waste management infrastructure, including 18 waste transfer stations, 12 environmental services facilities, 4 landfills (primarily for ash disposal) and 1 metals processing facility, all of which are complementary to its core EfW business. The company’s facilities are critical infrastructure assets that allow its customers, which are principally municipal entities, to provide an essential public service through sustainable practices. EfW facilities produce energy through the combustion of non-hazardous MSW in specially-designed power plants. Most of the company’s facilities are mass-burn facilities, which combust the MSW on an as-received basis without any pre-processing, such as shredding, sorting, or sizing. In addition to its mass-burn facilities, the company owns and/or operates additional facilities that use other processes or technologies, such as refuse-derived fuel facilities which process waste prior to combustion and a gasification technology, in which waste is heated to create gases that are then combusted. Other Sustainable Service Offerings In addition to its core EfW business, the company offers various sustainable waste management solutions in response to customer demand. Through acquisitions, the company has expanded its network of facilities to enable it to provide a range of services to industrial customers for the treatment and disposal of their non-hazardous materials. These businesses are highly synergistic with its existing profiled waste business, offer it the opportunity to expand the geographical sourcing of its waste streams and expand its presence in the environmental services sector, allowing it to drive non-hazardous profiled waste volumes into its EfW facilities and access additional revenue growth opportunities. North America EfW Projects The company’s EfW projects generate revenue from three main sources, such as fees charged for operating projects or processing waste received, the sale of electricity and/or steam, and the sale of ferrous and non-ferrous metals that are recovered from the waste stream as part of the EfW process. Its customers for waste services or facility operations are principally municipal entities, though it also markets disposal capacity at certain facilities to commercial customers. The company’s facilities primarily sell electricity, either to utilities at contracted rates or, in situations where a contract is not in place, at prevailing market rates in regional markets (primarily PJM, NEPOOL and NYISO in the Northeastern


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