Transfer Station Acquisitions & Waste Management Contract for Covanta
New Jersey based waste to energy company, Covanta (NYSE:CVA) has acquired two transfer stations in Northern New Jersey from Advanced Disposal. According to the company, in total, the transfer stations are permitted to accept 2500 tons (2270 tonnes) of municipal solid waste, construction and demolition waste and recyclables each day. “This is an attractive acquisition that provides increased stability and flexibility of fuel supply to our Energy-from-Waste facilities in the region,” explained Derek Veenhof, Covanta Waste Solutions executive vice president. “The transfer stations will also allow us to provide an array of sustainable waste management services to customers in an important market,” he added. The facilities are located in Paterson and Totowa. Covanta noted that it now owns or operates 15 transfer stations in the U.S. Massachusetts contract In addition to the purchase of two transfer stations in New Jersey, through its subsidiary, Covanta SEMASS, Covanta, has also recently reached a new agreement with the Town of Yarmouth, Massachusetts for bundled sustainable waste management services and the operation of the Yarmouth Transfer Station. The company said that under the contract it will provide sustainable disposal of the Town's approximately 10,000 tons (9100 tonnes) of municipal solid waste at the Covanta SEMASS waste to energy facility. Additionally, the company said that it will handle recycling, e-waste recycling, organics and composting, secured destruction of prescription medication and bulky waste disposal. The new agreement is slated to begin February 1, 2014 with the contract running for 10 years with mutual extension options after the initial term. As part of the agreement, Covanta will also assume control of the Yarmouth Transfer Station which provides municipal and commercial customers on the Cape with continued access to rail transport of solid waste from the Cape directly to the SEMASS facility in Rochester, Massachusetts. The station will continue to accept recyclable material and the company said that it will assist municipal and commercial customers with opportunities to increase recycling through bundled services offerings. “These agreements represent a continuation and expansion of what has been a mutually beneficial public-private partnership between the Town of Yarmouth and Covanta SEMASS,” commented William Hinchey, Yarmouth Town administrator. “ Read More Sembcorp Achieves Financial Close for 49 MW Waste to Energy Plant on Teesside, UK Singapore based Sembcorp Industries has achieved financial close for its new 49 MW waste to energy development in Teesside, UK. $305m Chinese Waste to Energy Acquisition Hong Kong based waste to energy firm, C&G Environmental Protection Holdings has reached a milestone in the proposed sale of its Chinese assets. Military Waste to Energy Gasification Tech to be Commercialised by Northrup Grumman A mobile military gasification waste to energy machine is to be developed by Northrop Grumman and Detroit Cirque Energy following a Joint Development Agreement.