Covanta Holding Corp (CVA)

Overview

Covanta Holding Corporation, established in 1992 and rebranded in 2005 from its previous name Danielson Holding Corporation, is a leader in waste management and energy services across the United States and Canada. The company operates through various subsidiaries, offering essential services primarily to municipalities. Covanta specializes in transforming waste into energy and is actively involved in waste transport and disposal, as well as generating renewable energy. Their extensive operations include the disposal of waste, production of electricity and/or steam, and recovery of metals through the energy-from-waste (EfW) process. Covanta's corporate headquarters are located in Morristown, New Jersey, and by the end of 2019, the company's portfolio consisted of numerous facilities and projects, emphasizing its commitment to advancing waste-to-energy solutions.

Products and Services

• Energy-from-Waste (EfW) Facilities:

  Covanta operates 41 EfW facilities that convert municipal solid waste into renewable energy, producing both electricity and steam for local utilities and businesses. These facilities play a key role in waste management by providing an environmentally friendly solution for waste disposal while generating energy.

• Waste Transport and Disposal:

  The company engages in comprehensive waste transport and disposal services, ensuring safe and responsible handling of waste materials from collection points to final disposal or processing locations.

• Recycling Services:

  Covanta is dedicated to recycling and offers a variety of recycling solutions, including material recovery through their 20 material processing centers, which aim to reduce landfill waste through efficient resource recovery.

• Specialized Waste Management:

  Covanta provides tailored waste management solutions for pharmaceuticals and healthcare waste, ensuring hazardous materials are handled safely and in compliance with regulations.

• Site Clean-up and Wastewater Treatment:

  The company offers site clean-up services for contaminated sites and wastewater treatment services, addressing environmental concerns and ensuring compliance with local regulations.

• Reverse Distribution:

  This service focuses on the return of unused or expired pharmaceutical products, allowing for safe processing and disposal, thus reducing risk and ensuring compliance.

• Transportation and Logistics:

  Covanta provides logistics solutions that optimize the transportation of waste materials to disposal and processing facilities, improving efficiency and reducing costs.

• Depackaging Services:

  Covanta offers depackaging services to separate products from their packaging, promoting recycling and proper disposal of materials that cannot be reused.

• Landfills:

  In addition to waste-to-energy solutions, Covanta operates four landfills, designed to handle waste in a safe and environmentally responsible manner.

• Wood Waste Energy Projects:

  With two wood waste energy projects, Covanta contributes to renewable energy generation by utilizing wood debris as a sustainable energy source.

• Regional Metals Recycling Plant:

  This facility allows Covanta to recover valuable metals from waste through the EfW process, contributing to a circular economy by ensuring materials are recycled and reused.

• Ash Processing Facility:

  Covanta also operates an ash processing facility that manages the byproducts of the EfW process, ensuring that ash is handled safely and can be used in other applications.