Covanta Releases Updates on its International WTE Projects

Covanta Energy Corp. reported a solid quarter with improvements in waste pricing and somewhat favorable trends in the waste, energy and metals markets compared to the previous quarter, and CEO Stephen Jones provided updates on some of the company’s developing and potential overseas waste-to-energy projects during Covanta’s July 27 financial earnings call.

Construction of Covanta’s 58-MW Dublin Waste-to-Energy Facility, located in Poolbeg, Dublin Port, is about 70 percent complete, according to Jones. “The design and procurement activities are substantially complete, and the boiler steel erection is nearing completion,” he said. Covanta intends to sign additional waste contracts in the coming months, and expects Covanta to have about 90 percent of the waste capacity of the plant contracted by the end of this year, Jones said. ”With rapidly shrinking landfill capacity, the waste market in Dublin is eagerly anticipating this facility coming online. We still expect to start processing waste in the first half of next year, and are on track for full commercial operations by the fourth quarter 2017.”