Dive Brief:

• Covanta announced its plans to break ground this year on an automated recovery facility in Indianapolis.
• The Advanced Recycling Center, a $45 million state-of-the-art plant, will be built next to Covanta’s existing Energy-from-Waste plant.
• The two facilities will create an innovative, next-generation system for sustainably managing waste. Covanta anticipates the facility will begin operations in 2016.

Dive Insight:

The recycling facility will recover recyclables from mixed-waste, sold to manufacturing customers in the Midwest. Covanta anticipates the plant will increase recycling by five times the current rate, and recover between 80-90% of resources including paper, cardboard, plastic and metal. 

Covanta recently announced its first quarter, 2015 results. In the first quarter of 2015, revenue fell $18 million, to $383 million, down from $401 million in 2014.