Covanta Energy Corporation
Encyclopedia
Covanta Energy Corporation (former the Ogden Corporation) owns and operates worldwide over forty new generation incinerators, often referred to in industry publications as waste-to-energy
power generation plants. The company has been cited for numerous environmental infractions and labor violations during its history. On July 14, 2011, the company paid $400,000 in fines for emitting unsafe levels of dioxin from its plant in Wallingford, CT. It is a subsidiary of Covanta Holding Corporation, which is located in Morristown, New Jersey
. The company's chairman is Sam Zell.
In 2004, Danielson Holding Corporation acquired Covanta for $30 million following the latter's filing of a Chapter 11 bankruptcy in April 2003. Danielson owned the National American Insurance Company of California.
In the United States, Covanta processes over 5% of the nation's waste, and handles the waste disposal needs of 12 million people.
Waste-to-energy
Waste-to-energy or energy-from-waste is the process of creating energy in the form of electricity or heat from the incineration of waste source. WtE is a form of energy recovery...
power generation plants. The company has been cited for numerous environmental infractions and labor violations during its history. On July 14, 2011, the company paid $400,000 in fines for emitting unsafe levels of dioxin from its plant in Wallingford, CT. It is a subsidiary of Covanta Holding Corporation, which is located in Morristown, New Jersey
Morristown, New Jersey
Morristown is a town in Morris County, New Jersey, United States. As of the 2010 United States Census, the town population was 18,411. It is the county seat of Morris County. Morristown became characterized as "the military capital of the American Revolution" because of its strategic role in the...
. The company's chairman is Sam Zell.
In 2004, Danielson Holding Corporation acquired Covanta for $30 million following the latter's filing of a Chapter 11 bankruptcy in April 2003. Danielson owned the National American Insurance Company of California.
In the United States, Covanta processes over 5% of the nation's waste, and handles the waste disposal needs of 12 million people.