Covanta buys Camden waste conversion plant for $48M

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Covanta's newly acquired waste processing plant in Camden
Covanta's newly acquired waste processing plant in Camden - (Covanta)

Morristown-based Covanta Energy announced this afternoon their acquisition of the Camden Resource Recovery Facility from a subsidiary of Foster Wheeler Corp.

The deal is worth $48 million, according to Covanta spokesman James Regan. The facility is the most recent addition to a portfolio of similar plants throughout the mid-Atlantic region.

Covanta expects the deal to have a modest positive impact on its 2013 guidance. The Camden facility processed approximately 319,000 tons of waste into more than 146,000 megawatt hours of electricity in 2012, according to the statement.

Digital content editor Joe Ross is @joeross on Twitter.

 

 

 

 

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