Covanta
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 |
| Revenue | $1,868.0 million (2018) |
| $63.0 million (2018) | |
Net income | $152.0 million (2018) |
| Total assets | $3,843 million (2018) |
| Total equity | $487.0 million (2018) |
Number of employees | ~4,000 (2018) |
| 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.