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Covanta Releases Updates on its International WTE Projects

Covanta Releases Updates on its International WTE Projects

Morristown, N.J.-based waste and energy firm Covanta Holding Corp. reported its second quarter earnings, which includes updated information on its 58-MW Dublin Waste-to-Energy (WTE) Facility in Poolbeg, Dublin Port. Currently, the construction on the WTE facility is approximately 70 percent complete and the boiler steel erection is nearing completion. According to Covanta CEO Stephen Jones, the company is expected to have approximately 90 percent of the waste capacity of the plant contracted by the end of 2016.

Biomass Magazine has more details:

Covanta Energy Corp. reported a solid quarter with improvements in waste pricing and somewhat favorable trends in the waste, energy and metals markets compared to the previous quarter, and CEO Stephen Jones provided updates on some of the company’s developing and potential overseas waste-to-energy projects during Covanta’s July 27 financial earnings call.

Construction of Covanta’s 58-MW Dublin Waste-to-Energy Facility, located in Poolbeg, Dublin Port, is about 70 percent complete, according to Jones. “The design and procurement activities are substantially complete, and the boiler steel erection is nearing completion,” he said. Covanta intends to sign additional waste contracts in the coming months, and expects Covanta to have about 90 percent of the waste capacity of the plant contracted by the end of this year, Jones said. ”With rapidly shrinking landfill capacity, the waste market in Dublin is eagerly anticipating this facility coming online. We still expect to start processing waste in the first half of next year, and are on track for full commercial operations by the fourth quarter 2017.”

Read the full story here.

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