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Covanta information


Covanta
Company typePrivate company
IndustryRenewable Energy/Waste Management
HeadquartersMorristown, New Jersey
Key people
Azeez Mohammed, President and Chief Executive Officer[1]
Revenue$1,868.0 million (2018)[2]
Operating income
$63.0 million (2018)[2]
Net income
$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]
Websitewww.covanta.com

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.

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.

  1. ^ "Covanta 2021 8-K". SEC.gov. March 16, 2022. Retrieved March 16, 2022.
  2. ^ a b c d e f "Covanta 2019 10-K". SEC.gov. October 30, 2020. Retrieved October 30, 2020.

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