Around the State – North JerseyFAIRFIELD In a move that highlights the international nature of the thirst for energy, New Jersey waste-disposal and energy-services operator Covanta Holding is buying a 40 percent stake in a Chinese energy-from-waste company. The company, Chongqing Sanfeng Environmental Industry, is a subsidiary of Chongqing Iron & Steel Group. It designed, built and operates two 1,200 tons-per-day energy-from-waste facilities in ChinaÂs Fujian Province. Once the deal is closed in the second quarter of the year, Sanfeng will be converted into a Sino-foreign joint venture with its name changing to Chongqing Sanfeng Covanta Environmental Industry.
Covanta says it is the largest player in the waste-to-energy industry, with plants that convert municipal solid waste into energy for numerous communities, predominantly in the United States. The company also operates related infrastructure such as transfer stations.
