Covanta Extends Partnership with the Town of Huntington, New York
Morristown, NJ –November 5, 2018 – Covanta (NYSE: CVA), a world leader in sustainable waste and energy solutions, has extended its partnership with the Town of Huntington, NY for operation of the Huntington Resource Recovery Facility. The five-year agreement continues the successful collaboration between Huntington and Covanta through December 1, 2024.
Since 1991, the Huntington Resource Recovery Facility has served as the cornerstone of the sustainable solid waste management systems for the towns of Huntington and Smithtown. The Energy-from-Waste facility processes up to 1,000 tons of municipal solid waste per day and generates 25 megawatts of clean, renewable energy - enough to power 20,000 Long Island homes around the clock. The facility also recycles more than 7,000 tons of metal annually.
"The continuation of our partnership with Covanta provides our community with a solution to waste management that preserves our valuable natural resources while generating clean energy," said Town of Huntington Supervisor Chad A. Lupinacci. "This is a winning combination for our residents and one that complements our continued efforts to be a more sustainable community."
In 27 years of operation, the Huntington Resource Recovery Facility has:
- Converted 8.3 million tons of municipal solid waste into 4.7 million megawatt hours of clean, renewable energy – enough to power over 435,000 homes for a year
- Recovered approximately 200,000 tons of metal, enough to build the Whitestone Bridge that connects the New York City boroughs of Queens and the Bronx seven times over
- Avoided the generation of 6 million tons of greenhouse gases, equal to the emissions from 1.2 million passenger vehicles in one year
"The Towns of Huntington and Smithtown have developed a leading waste management system that includes Energy-from-Waste for any residual waste that remains after recycling," said Rick Sandner, vice president and general manager of Covanta's New York/New Jersey region. "We are proud of our work in providing safe, reliable waste disposal and a source of clean energy, and look forward to serving these communities for many years to come."
Covanta is a world leader in providing sustainable waste and energy solutions. Annually, Covanta’s modern Energy-from-Waste facilities safely convert approximately 22 million tons of waste from municipalities and businesses into clean, renewable electricity to power one million homes and recycle over 600,000 tons of metal. Through a vast network of treatment and recycling facilities, Covanta also provides comprehensive industrial material management services to companies seeking solutions to some of today’s most complex environmental challenges. For more information, visit covanta.com.Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking" statements as defined in Section 27A of the Securities Act of 1933 (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), the Private Securities Litigation Reform Act of 1995 (the "PSLRA") or in releases made by the Securities and Exchange Commission ("SEC"), all as may be amended from time to time. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of Covanta Holding Corporation, its subsidiaries and joint ventures or industry results, to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements that are not historical fact are forward-looking statements. For additional information see the Cautionary Note Regarding Forward-Looking Statements in the Company's 10-K, previously filed with the Securities and Exchange Commission.