Covanta
American waste management company / From Wikipedia, the free encyclopedia
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Covanta Holding Corporation is a private energy-from-waste and industrial waste management services company headquartered in Morristown, New Jersey. Most of its revenue comes from operating incineration facilities that serve a secondary purpose as power plants that burn trash as fuel. Covanta charges a fee for waste disposal, sells electricity produced in the process, and recovers metal for recycling.
Company type | Private company |
---|---|
Industry | Renewable Energy/Waste Management |
Headquarters | Morristown, New Jersey |
Key people | Azeez Mohammed, President and Chief Executive Officer[1] |
Revenue | $1,868.0 million (2018)[2] |
$63.0 million (2018)[2] | |
$152.0 million (2018)[2] | |
Total assets | $3,843 million (2018)[2] |
Total equity | $487.0 million (2018)[2] |
Number of employees | ~4,000 (2018)[2] |
Website | www |
Covanta was founded in 1939 as the Ogden Corporation. After starting as a public utility holding company it became a diverse conglomerate which had holdings in manufacturing, horse and greyhound racing, real estate, food, maritime transportation, arena management, and entertainment until its 2001 restructuring into a strictly energy business.