SOURCE: Covanta Energy

April 18, 2013 14:55 ET

Covanta CFO Sanjiv Khattri to Deliver Keynote Presentation at the 21st Annual North American Waste-to-Energy Conference

MORRISTOWN, NJ--(Marketwired - Apr 18, 2013) -  Covanta Energy Corporation (NYSE: CVA), a world leader in sustainable waste management and renewable energy, today announced that Sanjiv Khattri, executive vice president and chief financial officer, will be delivering a keynote address at the 21st Annual North American Waste-to-Energy Conference (NAWTEC) in Ft. Myers, FL on April 22.

"At Covanta, we strive to lead the way in providing sustainable management of municipal solid waste and clean energy solutions at the Energy-from-Waste facilities we own or operate," said Mr. Khattri. "It is an honor to be invited to speak at NAWTEC with the opportunity to present to and engage with many great professionals in our industry."

The annual conference is recognized as the industry's premier technical conference and trade show. Attendees have the opportunity to hear first-hand, the latest information and innovations from the largest specialty group of professionals in North America focused on municipal waste-to-energy on topics ranging from operational issues, legislative policy, technology and research initiatives.

Covanta operates the Lee County Resource Recovery Facility located in Ft. Myers on behalf of the owner, Lee County, FL, host of the 2013 NAWTEC proceedings. The Energy-from-Waste facility is the centerpiece of the county's sustainable solid-waste management system and generates up to 57 megawatts of clean, renewable energy -- enough to power about 35,000 homes and businesses.

Covanta is celebrating its fifth anniversary of its Clean World Initiative (CWI), which brings sustainability to every facet of the company's business, including facility operations, research and development, the advancement of solid waste management and community partnerships and programs. A particular area of success under CWI has been emissions reductions. Over the past five years, Covanta has successfully cut emissions of dioxin, mercury and hydrogen chloride emissions in half, and when aggregating "all" emissions, Covanta's emissions are 75 percent below the Environmental Protection Agency's requirements.

Covanta remains an integral part of the zero-landfill solution. The company has expanded its range of services to help companies meet zero-landfill goals, including its recycling programs that help reduce natural resource use, energy needs, greenhouse gas emissions and secondary solid waste and waste water discharges.

Covanta facilities are also significant recyclers of metal, annually recovering approximately 415,000 tons of ferrous metal and over 16,000 tons non-ferrous metals -- the equivalent amount of steel and aluminum needed to build five Golden Gate Bridges and produce over one billion aluminum beverage cans.

Recovering energy from waste after efforts to reduce, reuse and recycle is a critical component of managing residual waste. According to the U.S. EPA, for every ton of municipal solid waste processed at Energy-from-Waste facilities, greenhouse gas emissions are reduced by the equivalent of approximately one ton less of carbon dioxide emissions. This is possible due to the avoidance of methane from landfills (a potent greenhouse gas), the offset of greenhouse gases from fossil fuel electrical production, and the recovery of metals for recycling.

About Covanta
Covanta Energy Corporation is an internationally recognized owner and operator of large-scale Energy-from-Waste and renewable energy projects and a recipient of the Energy Innovator Award from the U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy. Covanta's 44 Energy-from-Waste facilities provide communities with an environmentally sound solution to their solid waste disposal needs by using that municipal solid 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 9 million megawatt hours of clean renewable electricity and more than 9 billion pounds of steam that are sold to a variety of industries. For more information, visit www.covantaenergy.com.