Covanta Holding Corp. buys Camden incinerator

A front-end loader, right, pushes trash to a conveyor belt on the 31/2-acre "tipping floor" of the Covanta Energy plant in Chester. Above, trash combustion and the debris that results are seen through a peephole.
A front-end loader, right, pushes trash to a conveyor belt on the 31/2-acre "tipping floor" of the Covanta Energy plant in Chester. Above, trash combustion and the debris that results are seen through a peephole. (CLEM MURRAY / Staff Photographer)
Posted: August 23, 2013

Covanta Holding Corp. has paid $48.6 million for a incinerator in Camden, the Morristown, N.J., company said this week. The Camden facility last year turned about 319,000 tons of waste into more than 146,000 megawatt hours of renewable electricity, Covanta said.

The plant employs 50. Covanta also owns similar facilities in Chester and Conshohocken.

The seller was Foster Wheeler A.G., a Swiss company with corporate offices in Clinton, N.J.


Contact Harold Brubaker at 215-854-4651 or hbrubaker@phillynews.com

 

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