Waste360 is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Covanta Buys Camden Waste-to-Energy Facililty

Article-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.


Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.