The Dublin Waste to Energy project is being developed as a Public Private Partnership between Dublin City Council (acting on behalf of the four Dublin Local Authorities) and Covanta, a world leader in providing sustainable waste and energy solutions. Covanta will undertake to build and operate the facility which will process up to 600,000 tonnes of waste per annum generating electricity and district heating. During the three year construction phase, the plant will employ an average workforce of 375, and there will be up to 100 jobs thereafter.
Covanta is one of the world’s largest owners and operators of infrastructure for the conversion of waste-to-energy (WtE), as well as other waste disposal and renewable energy production businesses. Headquartered in Morristown, New Jersey, Covanta operates and/or has ownership positions in over 40 WtE facilities located in North America, Italy and China. It also operates other waste management businesses such as transfer stations and metals recycling facilities complementary to its core WtE business.
Annually, Covanta’s modern waste to energy facilities safely and securely convert approximately 20 million tons of waste into clean, renewable electricity to power one million homes. Covanta’s U.S. operations process approximately 65 percent of the nation’s WtE volume and generate, in combination with its other renewable energy facilities, approximately eight percent of America’s non-hydro renewable electricity.
Waste-to-Energy is a sustainable waste disposal solution that is environmentally superior to landfilling. It is a source of clean energy that reduces overall greenhouse gas emissions and is considered renewable under many state and federal laws. WtE projects also lower the risk of groundwater contamination and conserve land.
Covanta supports recycling programmes that enable communities to recycle as much as possible. As part of the WtE process, it recovers over 400,000 tonnes of metal annually for recycling that would otherwise be disposed of in landfills. Its modern WtE facilities are an important element of an integrated municipal solid system that maximises the recovery of energy and recycles metals, while also minimiing the environmental impacts of materials remaining after recycling.
Studies have shown that communities that have a WtE facilities typically enjoy higher recycling rates than the national average in the United States. Processing municipal waste at WtE facilities for energy generation (steam or electricity) offsets, on average, one ton of greenhouse gas (GHG) emissions for every ton of waste processed. This occurs by avoiding energy generated from fossil fuels, methane produced by decomposing trash at landfills (methane is an extremely potent GHG – about 25 times more than carbon dioxide) and recovering metals for recycling.
For Covanta, health and safety is a priority at all its WtE facilities and other operations around the world. Covanta’s health and safety commitment helps maintain consistent productivity and work quality that supports its reputation as the WtE global leader. The company maintains a comprehensive health and safety programme at all Covanta owned and/or operated facilities. Covanta is among the top ten companies in the U.S. to enter the majority of its operating locations into the Occupational Safety & Health Administration’s prestigious Voluntary Protection Programs.
Covanta takes pride in being a good corporate citizen. Each of Covanta’s North American WtE facilities is involved in a variety of local community programmes. These programmes are centered mainly around waste disposal and recycling. Many employees volunteer their time to assist in cleaning up local rivers, streets, parks, in addition to, participating in local household hazardous waste programs. The company also sponsors programmes to support local sports teams, food pantries, scholarships and cell phones for soldiers programs. In general, Covanta collaborates with its local communities to protect and improve the environment.
Covanta is a subsidiary of Covanta Holding Corporation, a publicly traded company (NYSE:CVA). For more information about our portfolio of companies, please visit investor relations.
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