Covanta (pronounced Coh-van-tuh) is a world leader in sustainable waste management and renewable energy. Covanta's 45 Energy-from-Waste (EfW) facilities provide communities and businesses around the world with an environmentally sound solution to their solid waste disposal needs by using waste to generate clean, renewable energy. Our EfW and renewable energy projects have provided reliable and sustainable municipal solid waste (MSW) management to communities since 1986. We consider EfW-generated energy to be renewable because the MSW we use in our process is consistently replenishable and all of the energy recovered by the EfW process preserves natural resources and avoids secondary impacts from mining and the combustion of those resources.
Annually, Covanta’s modern Energy-from-Waste facilities safely and securely convert approximately 20 million tons of waste into 9 million megawatt hours of clean renewable electricity and almost 9 billion pounds of steam that are sold to a variety of industries. Covanta’s facilities also recover 400,000 tons of metal per year for recycling.
Covanta’s U.S. operations process approximately 65 percent of the nation’s EfW volume and generate, in combination with our other renewable energy facilities, approximately eight percent of America’s non-hydro renewable electricity. As part of the process, we recover over 400,000 tons of metal annually for recycling that would have otherwise been lost in landfills. Covanta supports recycling and supports programs that enable communities to recycle as much as possible. Studies have shown that communities that have an EfW facility typically enjoy higher recycling rates than the national average.1 Why? Processing MSW at Energy-from-Waste facilities for energy generation (steam or electricity) offsets, on average, one ton of greenhouse gas (GHG) emissions for every ton of waste processed. This occurs by avoiding energy generated from fossil fuels, methane produced by decomposing trash at landfills (methane is an extremely potent GHG - about 25 times more than carbon dioxide) and recovering metals for recycling.
Covanta is a publicly traded company listed on the New York Stock Exchange (NYSE:CVA) and is headquartered in Morristown, NJ. For more information on the company, visit www.covanta.com. – less