Date: March 26, 2007
Source: Covanta Holding Corp.
Reduces NOx Emissions Well Below U.S. EPA Requirements
Covanta Holding Corporation (NYSE: CVA) today announced that it has developed and successfully tested two new and cost-effective technologies that represent major advances in controlling Nitrogen Oxide (NOx) emissions. Both technologies, for which patents are pending, have been tested at existing Covanta facilities and are now ready for full scale commercial application.
The Covanta LN technology will enable existing energy-from-waste facilities to cut NOx emissions well below their already low levels. This new technology is capable of achieving NOx emissions below U.S. Environmental Protection Agency requirements; even without the use of Selective Non-Catalytic Reduction (SNCR) systems currently employed at most energy-from-waste facilities in the United States. Furthermore, when Covanta LN technology is coupled with SNCR systems, it drops NOx emissions to approximately half of current regulatory limits.
A similar but more advanced technology to be made available for new boiler units has been developed in collaboration with Covanta's long-time technology partner, Martin GmbH. It will be marketed in the United States under the name Covanta VLN. This technology is capable of reducing NOx emissions to levels below even those demonstrated by the LN technology, and at the same time lowering the capital cost for new units by improving overall boiler efficiency.
"We are excited about the new Covanta VLN technology because it gives us a competitive advantage when pursuing facility expansion or greenfield energy-from-waste opportunities," said Covanta's Chief Executive Officer Anthony Orlando. "In addition, we are pleased to be able to offer the Covanta LN technology to our existing client communities. As a world leader in making clean energy from waste, we are committed to investing in research and development that enables us to provide clients with this type of innovative technology and environmentally superior service."
About Covanta
Covanta Holding Corporation is an internationally recognized owner and operator of energy-from-waste and power generation projects. Covanta's energy-from-waste facilities convert municipal solid waste into renewable energy for numerous communities, predominantly in the United States. As a world premier operator of large-scale energy-from-waste facilities, Covanta is proud to offer an environmentally sound solution to communities' solid waste disposal needs. With over 30 facilities worldwide, Covanta uses municipal solid waste as a fuel to generate clean, renewable energy. Covanta's modern energy-from-waste facilities safely and securely turn 15 million tons of waste into over 8 million megawatt hours of clean renewable electricity each year and create 10 billion pounds of steam that are sold to a variety of industries. For more information, visit www.covantaholding.com.
For more information generally, please contact:
Gavin Bell
Covanta Holding Corporation
973-882-7107
www.covantaholding.com.
For media inquiries, please contact:
Travis Small
617-443-9933 x356
tsmall@rasky.com.
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