Covanta Energy to upgrade Newark resource recovery facility
Covanta Energy Corporation, a US-based operator in sustainable waste management and renewable energy, plans to upgrade the Essex County Resource Recovery Facility in Newark.
The company has signed new arrangements with the Port Authority, wherein Covanta gains control of the facility with effect from 1 January 2013. The contract is applicable through 2032, with options through 2052.
Consequently, the company plans to upgrade operations, including an art particulate emissions control system and a new recycling system for ferrous and non-ferrous metals.
Following agreements between Covanta, the Port Authority and the New York City Department of Sanitation, half of the facility's sustainable disposal capacity will be used by the city as part of the 20-year contract.
Covanta Energy president and CEO Anthony Orlando said, "Our plans to upgrade the Essex County facility represent a significant investment by Covanta and we expect to achieve attractive returns from both an environmental and financial perspective."
A compressed natural gas (CNG) refueling station at the facility will be operational later in 2012.