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Covanta Buys Camden Waste-to-Energy Facililty

Allan Gerlat

August 20, 2013

1 Min Read
Covanta Buys Camden Waste-to-Energy Facililty

Covanta Holding Corp. has bought a waste-to-energy operation, Camden Resource Recovery Facility, for $48.6 million.

The Morristown, N.J.-based Covanta said in a news release it acquired the 1,050 ton-per-day facility in Camden, N.J., from a subsidiary of Baar, Switzerland-based Foster Wheeler AG.

The waste-to-energy facility generates 21 megawatts of renewable energy and serves Camden County and surrounding communities. The Camden operation processed about 319,000 tons of waste in 2012.

 The company said the southern New Jersey location complements its network of waste-to-energy facilities in the Northeast and mid-Atlantic.

“We are excited to expand our portfolio of energy-from-waste facilities with this strategic and opportunistic acquisition,” said Anthony Orlando, Covanta CEO and president.

Covanta expects the transaction to have a modest positive impact on its 2013 guidance.

 

About the Author(s)

Allan Gerlat

News Editor, Waste360

Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.

Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.

Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.

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