CEO Message

Covanta is a world leader in the development and operation of large-scale Energy-from-Waste (EfW) or waste-to-energy (WTE) power projects. The company owns/operates over 30 EfW facilities in the United States that safely convert 15 million tons a year of municipal solid waste into clean, renewable energy for communities throughout the country. That is more than 5% of the nation's municipal solid waste. Overall, Covanta's facilities have processed enough waste to save this nation over 150 million barrels of oil and that is something we are very proud of. Covanta also owns and operates independent power production facilities that are powered by other renewable and efficient fossil fuel technologies. Combined with our EfW facilities, the Company's power-generation portfolio exceeds 2,000 MW of electricity worldwide.

Covanta's mission is to be the world's leading Energy-from-Waste company, with a complementary network of waste disposal and energy generation assets. We will build value for our shareholders by satisfying our clients' waste disposal and energy generation needs with safe, reliable and environmentally superior solutions. We take pride in the outstanding environmental and safety track record we have built during our two decades of building and operating waste-to-energy facilities. And we are equally proud of our reputation as a world-class operator focused on customer service and plant production.

We recognize that our past and future success is the result of our hard working, unparalleled team of talented employees. We benefit from their breadth and depth of technical expertise each day at our numerous operating facilities as well as at our corporate headquarters in Fairfield, New Jersey. Their unwavering dedication translates into strong performance and reliable customer service. In fact, our facilities have been recognized numerous times by regulators, industry organizations and community groups for their outstanding safety, environmental and operational performance. We are also grateful for the long-term relationship that we enjoy with our colleagues at Martin GmbH of Munich, Germany as they too have played an important role in our success. Martin's patented grate technology is consistently recognized as the pre-eminent WTE technology world-wide and is currently utilized in 329 plants around the globe.

At Covanta, we know that being a good corporate citizen means more than disposing of waste while generating power in an environmentally sound manner. That's why we are proud to work closely with the communities in which we do business, supporting activities such as environmental education, youth sports and important local charitable programs.

We are very excited about Covanta's future and the role we will play in providing the citizens of the world with safe waste disposal and clean energy solutions... for generations to come.

Tony Orlando
President and CEO