SOURCE: Covanta

Covanta

December 19, 2013 10:06 ET

City of Alexandria and Arlington County, VA Extend Agreement With Covanta Alexandria/Arlington Inc. Through 2038

50 Year Partnership Provides Long-Term Sustainability for Solid Waste Management and Renewable Energy Production

ALEXANDRIA, VA--(Marketwired - Dec 19, 2013) - Covanta Alexandria/Arlington Inc., owner and operator of the Alexandria/Arlington Energy-from-Waste (EfW) Facility, today announced that the City of Alexandria and Arlington County, Virginia have exercised an extension option on their waste disposal and service agreement with the company. The decision continues a relationship between the City, County, and Covanta which began in 1988 and that will now extend for a total of 50 years until 2038. The extension was approved by unanimous vote by both the Alexandria City Council and the Arlington County Board and is expected to provide significant savings to residents over the life of the contract.

The Covanta Alexandria/Arlington EfW facility commenced operations in 1988 and serves the sustainable waste disposal needs of the City and County, along with other neighboring communities. The facility processes up to 350,000 tons of municipal solid waste per year to produce approximately 185,000 megawatt hours of renewable energy and recycles approximately 9,000 tons of metals.

"The City is extremely pleased to continue managing our solid waste in an environmentally sustainable manner and generate clean, renewable energy locally," said Mayor William D. Euille, City of Alexandria. "The extension is expected to save residents approximately $26 million over the next 25 years and allows the City to meet our long-term sustainability goals."

In 25 years of operation, the Alexandria/Arlington Energy-from-Waste facility has achieved some significant milestones.

  • Since 1988, the facility has converted approximately nine million tons of municipal solid waste into over four million megawatt hours of electricity, enough to supply all of the homes in Washington D.C. and Alexandria with electricity for one year.

  • Offset approximately nine million tons of greenhouse gases, the environmental benefit equivalent to planting over 180 million tree seedlings.

  • Recycled 48,000 tons of ferrous metal, the equivalent amount of steel used to build approximately 40,000 cars.

"Arlington County is proud to continue our partnership with the City of Alexandria and Covanta for the next 25 years," said J. Walter Tejada, chair of the Arlington County Board. "By exercising our extension option now, we will provide significant savings to our citizens and continue to avoid landfill disposal for solid waste that cannot be recycled."

In 2013, the facility was the recipient of the Governor's Environmental Excellence Award and received the Industrial Waste and Pretreatment Environmental Excellence Award from the Virginia Water Environmental Association. Also in 2013, the facility received the Occupational Excellence Achievement Award from the National Safety Council. The facility received its OSHA Voluntary Protection Program (VPP) STAR designation in 2004 and is also a member of the Virginia Environmental Excellence Program at the elite E4 status level.

"We are extremely pleased that the City of Alexandria and County of Arlington have opted to continue their partnership with Covanta for another 25 years. It's rare that municipalities and corporations have the opportunity to work together for half a century," said Paul Stauder, Covanta senior vice president of business management. "These communities have shown tremendous leadership by implementing robust recycling programs and utilizing energy-from-waste for sustainable waste disposal."

Recovering energy from waste after efforts to reduce, reuse and recycle is a critical component of managing residual waste. For every ton of municipal solid waste processed at energy-from-waste facilities like Covanta Alexandria/Arlington, greenhouse gas emissions are reduced by the equivalent of approximately one ton of carbon dioxide emissions. This is possible due to the avoidance of methane from landfills, the offset of greenhouse gases from fossil fuel electrical production and the recovery of metals for recycling.

About Covanta
Covanta (NYSE: CVA) is a world leader in sustainable waste management and renewable energy. The Company's 45 Energy-from-Waste facilities provide communities and businesses around the world with an environmentally sound solution to their solid waste disposal needs by using waste to generate clean, renewable energy. Annually, Covanta's modern Energy-from-Waste facilities safely and securely convert approximately 20 million tons of waste into clean, renewable electricity to power one million homes and recycle over 430,000 tons of metal. Energy-from-Waste facilities reduce greenhouse gases, complement recycling and are a critical component of sustainable solid waste management. For more information, visit www.covantaenergy.com.