Dive Brief:
- Covanta Holding Corp., based in Morristown, NJ, said it will upgrade the WTE facility, in accord with its renewed agreement with Onondaga Couny Recovery Resource Agency. The initial agreement between the two parties was formed in the early 1990s.
- In extending its agreement to maintain and operate the waste-to-energy and recycling operation in Jamesville, Covanta Holding Corp. also agreed to upgrade the county’s waste-to-energy plant.
- OCRRA recently secured bonds that enabled it to extend its working relationship with Covanta for another 20 years.
Dive Insight:
The partnership between Covanta and OCRRA has lasted two decades, and the new pact extends it for another 20 years. Despite first quarter losses of $37 million, Covanta is moving forward with new projects.
