Covanta s Sustainable Waste Management

Transcription

1 Covanta s Sustainable Waste Management

2 Energy-from-Waste World Leader 2

3 Introduction to Covanta Overview Ownership Publicly traded NYSE (CVA) Waste Disposal 45 Energy from Waste facilities (EfW) Process ~20 million tons of waste Employees ~ 3,500 Florida Jobs at Facilities ~475 FTE annually Energy Generation 1,500 MW base load electricity capacity Over 10 million MWh annually Enough to power 1 million homes Metals Recycling (Annually) ~400,000 tons of ferrous ~ 30,000 tons of non-ferrous metal Annually recycle the equivalent amount of steel to build 5 Golden Gate Bridges. 3

4 Industry leading performance World class safety programs High boiler availability Increasing efficiency In-house maintenance 4

5 Business Overview 45 EfW facilities 41 EfW facilities in North America Over two-thirds of U.S. EfW capacity Process ~5% of overall U.S. waste generation Complementary waste operations: 18 transfer stations and 4 landfills (for ash disposal) e-waste recycling business 4 EfW facilities Asia and Europe 7 biomass renewable energy facilities Corporate Headquarters EfW Facilities Material Processing Facilities 5

6 EfW Process 66

7 Covanta in Florida Operate Six Energy-from-Waste facilities Miami-Dade County (3,000 tons per day) Pinellas County (3,000 tons per day) Lee County (1,836 tons per day) Hillsborough County (1,800 tons per day) Pasco County (1,050 tons per day) Lake County (528 tons per day) Every year in FL, our EfW facilities: Safely manage approximately 4 million tons of MSW Approximately 4 million tons of GHG emissions avoided, based on national average Generate over 2 million MWh of electricity annually Recover roughly 100,000 tons of ferrous metal Recover over 8,000 tons of non-ferrous metals Employees: ~475 7

8 Solid Waste Management Heirarchy The European Union and the U.S. EPA have both concluded that following the waste management hierarchy generally maximizes energy savings and minimizes greenhouse gas emissions 8

9 After Recycling, there are two choices: Energy-from-Waste Landfill Processes MSW in 1 hour Material can last >100 years Modern Air Pollution Controls Currently no technology Generates kwh per ton Landfill gas recovery 65kWh per ton Avoids 100% of methane generation Landfills a leading source of methane 9

10 The U.S is falling behind 10

11 Emissions well below permits 1111

12 GHG Mitigation... MSW combustors actually reduce the amount of GHGs in the atmosphere compared to landfilling. The savings are estimated to be about 1.0 ton of GHGs saved per ton of MSW combusted. U.S. EPA, Energy Recovery Webpage, 12

13 Electricity Sources: GHG Comparison EfW reduces GHG emissions when including avoided CH4 from landfills Sources: WARM v10, U.S. EPA (2006), Hondo, Hiroki, 2005, Life cycle GHG emission analysis of power generation systems: Japanese case

14 New Focus on Methane Reduction Scientific community calls for separate regulation...short- and medium-lived sources (black carbon, tropospheric ozone, and methane) must be regulated separately and dynamically Jackson, S., Parallel Pursuit of Near-Term and Long-Term Climate Mitigation Science (2009) 326: The case for developing parallel policy initiatives for near- and short-term climate mitigation is compelling. Weaver, A., Toward the Second Commitment Period of the Kyoto Protocol Science (2011) 332: Climate and Clean Air Coalition Announced by U.S. Sec. of State Clinton in 2012 Focus on black carbon, HFCs, and methane White House Methane Strategy March 2014 Focus on Landfills, Natural Gas & Oil Production & 14

15 EfW under the EPA Clean Power Plan US EPA as well as the International Panel on Climate Change has recognized EfW as a Key GHG Mitigation Measure in sustainability efforts. Potential Future Monetization of GHG Benefit 1515

16 Recognition of EfW as GHG Mitigation 16

17 Covanta has helped 10 of 12 Major Automotive Manufactures Reach Zero Waste to Landfill Goals. 1717

18 Embrace of Sustainable Waste Management 18

19 Executing on New EfW Projects Durham York Energy Centre, Ontario, CA Dublin, Ireland EfW Facility 140,000 annual tonnes, 17.5 MW 600,000 annual tonnes, 58 MW Clean electricity to power 10,000 homes annually Clean electricity to power 80,000 homes annually Began commercial operations January 2016 Cleanest and most efficient EfW facility in North America Construction >50% complete, with commercial operations targeted late

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