Covanta Asia Pacific to Build EfW Facility in Taixing   

On May 6th, Covanta Energy Asia Pacific Holdings Ltd., a wholly-owned subsidiary of Covanta Holding Corporation, announced that it has taken an 85% stake in a joint venture with Jiangzu Taineng Group Ltd. to build a new Energy-from-Waste (EfW) facility to serve the cities of Taixing and Yangzhong of Jiangsu province with a total project value of US$30 million. The investment is part of the company's ongoing strategy to expand its presence in China.
    Covanta, which has secured long-term waste disposal contracts with the municipal governments of Taixing and Yangzhong, will build the new 350 metric ton per day facility in the Taixing Economic Development Zone and generate 30 metric tons per hour of steam to power local businesses' operations. The new plant will be built adjacent to Covanta and Jiangzu Taineng Group's existing joint-venture, a cogeneration power plant. Jiangzu Taineng Group is wholly-owned by the municipal government of Taixing and operates under the supervision of Taixing Economic and Trade Commission.
    Construction of the EfW facility is expected to begin this summer and be completed by June 2011.
   By processing waste into energy, the facility's operations will provide safe solid waste disposal for both communities, help to avoid reliance on damaging landfills, and offset greenhouse gas emissions that would otherwise be generated by landfills, according to Allard M. Nooy, President of Covanta Energy Asia Pacific. This effort will also result in zero landfilling, a major accomplishment, as the residual ash from the process will be reused in materials for road construction.
    Covanta Holding Corporation is an internationally recognized owner and operator of large-scale Energy-from-Waste and renewable energy projects. Annually, Covanta's modern Energy-from-Waste facilities safely and securely convert approximately 16 million tons of waste into more than 8 million megawatt hours of clean renewable electricity and create 10 billion pounds of steam that are sold to a variety of industries.