North Hempstead Partners with Covanta for Sustainable Waste Management

Rhea-AI Summary

Covanta (NYSE: CVA) has partnered with the Town of North Hempstead, NY for sustainable waste management, shifting from landfills to the Covanta Hempstead Waste-to-Energy facility. This agreement commenced on January 1, 2021, with an initial term of five years and potential extension of ten years. The switch is expected to eliminate 140,000 tons of waste and reduce carbon emissions by 4,000 tons annually, promoting environmental sustainability. Covanta operates four facilities on Long Island, collectively processing 1.8 million tons of waste yearly.

Positive

• Partnership with North Hempstead enhances local waste management efficiency.
• Reduction of 4,000 tons of carbon emissions annually from reduced transportation.
• Elimination of 140,000 tons of waste from landfills, promoting sustainability.
• Potential to extend the partnership for an additional 10 years.

Negative

• None.

NORTH HEMPSTEAD, N.Y., Jan. 12, 2021 /PRNewswire/ -- Covanta (NYSE: CVA), a world leader in sustainable waste and energy solutions, today announced a new agreement with the Town of North Hempstead, NY for sustainable waste disposal. Instead of landfilling approximately 140,000 tons of waste annually, the Town will now utilize the Covanta Hempstead Waste-to-Energy facility located in Westbury, NY. The agreement commenced January 1, 2021, for an initial five-year term with options to extend for an additional 10 years.

A fixture in the community for over three decades, Covanta Hempstead sustainably manages waste from residents of various local municipalities by combusting it at extremely high temperatures to generate steam for electricity production. This process is widely recognized for reducing greenhouse gases by eliminating methane emissions from landfills.

"Covanta is thrilled to partner with the Town of North Hempstead to sustainably manage its waste," said Rick Sandner, Covanta vice president and general manager. "The switch to a local Waste-to-Energy option is a huge win for the environment and will significantly reduce North Hempstead's carbon footprint. Waste-to-Energy plays a vital role in the transition to a zero-carbon economy."

Prior to the agreement with Covanta, the Town of North Hempstead utilized off-island landfills for the disposal of its residents' municipal solid waste, hauling waste as far as 300 miles away. By switching to a local option, the town will eliminate 4,000 tons of carbon dioxide from vehicle emissions annually while simultaneously reducing truck traffic on Long Island's busy highways. In addition, switching to Waste-to-Energy from landfill will eliminate approximately 140,000 tons of carbon dioxide equivalent that otherwise would have been generated.

"By partnering with Covanta and utilizing Waste-to-Energy as our primary means of waste disposal, the Town of North Hempstead is taking a meaningful step in making our community more sustainable," said Supervisor Judi Bosworth. "Utilizing existing disposal infrastructure on Long Island makes good environmental and economic sense while minimizing the impact from the waste we generate."

Covanta operates four Waste-to-Energy facilities on Long Island. The facilities in Westbury, West Babylon, East Northport and Ronkonkoma collectively process 1.8 million tons of waste, generate electricity to power 100,000 homes and recycle more than 55,000 tons of metal every year. 

About Covanta

Covanta is a world leader in providing sustainable waste and energy solutions. Annually, Covanta's modern Waste-to-Energy facilities safely convert approximately 21 million tons of waste from municipalities and businesses into clean, renewable electricity to power one million homes and recycle over 500,000 tons of metal. Through a vast network of treatment and recycling facilities, Covanta also provides comprehensive industrial material management services to companies seeking solutions to some of today's most complex environmental challenges. For more information, visit www.covanta.com.

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SOURCE Covanta Holding Corporation

FAQ

What is the significance of Covanta's partnership with North Hempstead?

The partnership allows North Hempstead to manage waste sustainably, reducing landfill dependency and carbon emissions.

How much waste will Covanta process for North Hempstead?

Covanta will manage approximately 140,000 tons of waste annually for North Hempstead.

When did the agreement between Covanta and North Hempstead commence?

The agreement started on January 1, 2021.

What environmental benefits does the partnership provide?

The partnership is expected to eliminate 4,000 tons of carbon emissions annually and reduce truck traffic on highways.

How long is the initial term of the agreement with North Hempstead?

The initial term of the agreement is five years, with options to extend for an additional ten years.