Covanta Holding
Covanta Holding operates Reworld, a US-based sustainable waste management platform serving 40% of the Fortune 500 across 90+ facilities with integrated solutions for PFAS destruction, zero waste-to-landfill, alternative fuels, wastewater treatment, and hazmat logistics.
- Company typePublic
- Founded2024
- Headquarters—
- Headcount—
- GTM typeB2B
- OfferingServices
What Covanta Holding does
Covanta Holding Corporation is a publicly traded company (NYSE: CVA) that rebranded its operating business to Reworld in 2024, transforming its legacy energy-from-waste franchise into a comprehensive sustainable waste management platform. The company operates 90+ processing facilities across the United States — including Materials Processing Facilities (MPFs), Thermomechanical Treatment Facilities (TTFs), and Wastewater Treatment (WWT) facilities — supported by a 3,000+ vehicle fleet that has grown approximately 50% since 2023. Its workforce of approximately 4,400 employees delivers five branded solution lines: ReAssure (PFAS destruction validated by the EPA), ReDirect360 (zero waste-to-landfill routing), ReKiln Fuels (alternative engineered fuel for cement kilns and paper mills, where Reworld is the largest independent supplier in North America), ReDrop (industrial wastewater treatment with zero-discharge capability), and ReMove (hazmat/regulated waste logistics with full chain-of-custody tracking).
The company serves 40% of the Fortune 500 across ten vertical segments, including manufacturing, energy & utilities, healthcare, pharmaceutical & biotechnology, chemical manufacturing, government agencies, municipalities, agriculture, retail & consumer brands, and transportation. It is permitted to handle 540+ hazardous waste codes, holds DEA and FDA compliance for controlled-substance destruction, and is approved by federal, state, and local government agencies for classified and sensitive material destruction.
Revenue is generated through three streams: (1) usage-based service fees for waste collection, processing, treatment, and disposal across hazardous, industrial, municipal, and regulated streams; (2) transaction fees from the recovery and sale of metals, alternative fuels, and recycled commodities; and (3) managed services for specialized destruction (PFAS, pharmaceutical, confidential) and wastewater treatment, with audit-ready documentation. Pricing is quote-based and not publicly disclosed, structured as multi-year enterprise contracts with full chain-of-custody documentation. The company operates an enterprise field-sales motion targeting large industrial customers and government agencies through verticalized solution pages, with no consumer or SMB distribution channel identified.
Covanta Holding firmographics
Firmographics- Name
- Covanta Holding
- Legal name
- Reworld Waste, LLC
- Website
- https://covanta.com
- Company type
- Public
- Founded year
- 2024
- Operating status
- Operating
- Short description
- Covanta Holding operates Reworld, a US-based sustainable waste management platform serving 40% of the Fortune 500 across 90+ facilities with integrated solutions for PFAS destruction, zero waste-to-landfill, alternative fuels, wastewater treatment, and hazmat logistics.
- Ownership category
- akta.pro rank
Covanta Holding industry classification
Industry- Product category
- Waste Management Services
- NAICS
- Hazardous Waste Treatment and Disposal (562211), Waste Treatment and Disposal (5622), Hazardous Waste Collection (562112), Waste Management and Remediation Services (562)
- SIC
- Hazardous Waste Management (4955), Sanitary Services (4950), Refuse Systems (4953)
- akta.pro primary industry
- Industrial Hazardous Waste Services (Manufacturing, Refineries, Metals, Automotive) (EUAIAFAG)
- akta.pro secondary industries
- Universal Waste Management (Batteries, Lamps, Mercury-Containing) (BPALAHAL), Household Hazardous Waste (HHW) & Universal Waste Sorting Facilities (EUAIADAK)
Keywords
Covanta Holding business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Waste Management Services: Comprehensive waste collection, processing, treatment, and disposal services across hazardous, industrial, municipal, and regulated waste streams. Revenue generated through service fees based on waste volume and complexity.
- Resource Recovery: Recovery and sale of metals, alternative fuels, and recycled materials from processed waste streams. Generates revenue from recovered commodities.
- Specialized Treatment Services: PFAS destruction, pharmaceutical destruction, confidential document destruction, and wastewater treatment services with compliant documentation and certification.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Multi-year contract | Custom enterprise pricing based on waste stream analysis and service requirements |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels7 records
Covanta Holding product offering
Product offeringCore offering
Covanta Holding (operating as Reworld™) provides comprehensive sustainable waste management services, including hazardous and regulated waste destruction, PFAS destruction, zero waste-to-landfill routing, alternative engineered fuel production for cement kilns and power plants, industrial wastewater treatment and recycling, and specialized hazmat waste logistics. Services are delivered through 90+ processing facilities and a 3,000+ vehicle fleet across the United States, serving Fortune 500 enterprises, government agencies, and large industrial manufacturers with full chain-of-custody documentation.
Product overview
Reworld™ is a comprehensive sustainable waste management platform offering an integrated suite of five branded solutions: ReAssure™ for PFAS destruction, ReDirect360™ for zero waste-to-landfill routing, ReKiln Fuels™ for alternative engineered fuel production, ReDrop™ for industrial wastewater treatment, and ReMove™ for waste logistics. The platform provides end-to-end waste management from business site collection to final disposal across recycling, recovery, and treatment infrastructure, serving industries including pharmaceuticals, chemical manufacturing, healthcare, manufacturing, energy/utilities, government agencies, agriculture, retail, transportation, construction, and municipalities. The company operates 90+ facilities and maintains a 3,000+ vehicle fleet with 100% verified operations.
Differentiator
Problem solved
Functional benefit
Brands
- ReAssure™: PFAS destruction solution for destroying PFAS-containing materials at scale in commercial, industrial, and municipal waste streams. Validated through collaborative testing with the EPA.
- ReDirect360™
- ReMove™
- ReDrop™
- ReKiln Fuels™
Products and services
- ReAssure™ PFAS Destruction
Quantifiable outcome
- 20M+ tons diverted from landfill
- +7 more outcomes
Companies that use Covanta Holding
Customer profileNamed customers3 records
Segments10 records
Ideal customer profiles6 records
Covanta Holding technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Covanta Holding partnerships and signals
Strategic signalScale indicators17 records
Recent moves6 records
Expansion highlights5 records
Covanta Holding competitors and assessment
Company assessmentBroad incumbents
- Suez (SUEZ - Waste Solutions): SUEZ provides hazardous waste management, industrial water treatment, and recycling/recovery services globally. Its specialized waste line directly compares to Reworld's ReMove/ReDrop platforms and competes for similar enterprise industrial accounts.
- Veolia Environnement: Veolia is a global leader in environmental services including hazardous waste treatment, industrial water services (analogous to ReDrop), and resource recovery. While primarily European, its North American subsidiary competes for the same large industrial and municipal waste contracts Reworld pursues.
- Waste Management, Inc. WM is the largest North American waste services provider, offering collection, transfer, recycling, and disposal — including Energy-from-Waste through its Wheelabrator subsidiary. It overlaps Reworld's full-chain-of-custody platform but operates at much greater scale and across municipal and residential customers.
- Republic Services: Republic Services is the second-largest US waste hauler with growing exposure to recycling, organics, and specialized industrial waste (including through its US Ecology acquisition). It is comparable on municipal and industrial waste routing and competes for enterprise zero-waste-to-landfill mandates.
Direct peers
- Stericycle: Stericycle specializes in regulated waste streams — medical waste, pharmaceutical destruction, and secure document shredding — and serves healthcare, pharma, and government customers. It directly competes with Reworld's confidential destruction, controlled-substance disposal, and biohazard service lines.
- Clean Harbors: Clean Harbors is the largest North American provider of hazardous waste management, industrial cleaning, and emergency response services. It directly overlaps Reworld's ReMove hazmat logistics, hazardous waste processing, and PFAS-adjacent offerings, and competes for the same manufacturing and chemical-industry customers.
- Heritage Environmental Services: Heritage is a privately held hazardous waste management company providing treatment, disposal, recycling, and emergency response — comparable to Reworld's ReMove and industrial hazardous processing across manufacturing and chemical customers.
- GFL Environmental: GFL is a Canadian-based environmental services company with significant US solid waste, liquid waste, and industrial services operations. It overlaps Reworld on hazardous and industrial waste collection, processing, and disposal for manufacturing-sector customers.
Emerging players
- Perma-Fix Environmental Services: Perma-Fix is a smaller specialty firm focused on nuclear, mixed waste, and PFAS treatment services — providing niche overlap with Reworld's ReAssure PFAS destruction and government-classified material handling capabilities.
Regional players
- Casella Waste Systems: Casella is a regional Northeast US solid waste, recycling, and resource-management operator. It is comparable on recycling and resource-recovery services (akin to ReDirect360) but operates a smaller geographic footprint than Reworld's national 90+ facility network.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Covanta Holding social profiles
Digital presenceCovanta Holding financial estimates
Financial estimateRevenue estimate
Valuation estimate
Covanta Holding leadership team
Management profileNumber of profiles
Covanta Holding funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Covanta Holding M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Covanta Holding
What does Covanta Holding do?
Covanta Holding (operating as Reworld™) provides comprehensive sustainable waste management services, including hazardous and regulated waste destruction, PFAS destruction, zero waste-to-landfill routing, alternative engineered fuel production for cement kilns and power plants, industrial wastewater treatment and recycling, and specialized hazmat waste logistics. Services are delivered through 90+ processing facilities and a 3,000+ vehicle fleet across the United States, serving Fortune 500 enterprises, government agencies, and large industrial manufacturers with full chain-of-custody documentation.
Is Covanta Holding a public or private company?
Covanta Holding is a public company. It is classified as public and is currently operating.
When was Covanta Holding founded?
Covanta Holding was founded in 2024.
How does Covanta Holding make money?
Three revenue lines are on record. Waste Management Services are the primary driver. The others are resource Recovery and specialized Treatment Services.
Who are Covanta Holding's main competitors?
Broad incumbents on record are Suez (SUEZ - Waste Solutions), Veolia Environnement, Waste Management, Inc. and Republic Services. Direct peers are Stericycle, Clean Harbors, Heritage Environmental Services and GFL Environmental. Perma-Fix Environmental Services is listed as an emerging player. Casella Waste Systems is listed as a regional player.
Does Covanta Holding have an API?
No public API is recorded for Covanta Holding.
What industry is Covanta Holding in?
Covanta Holding's product category is Waste Management Services. Its primary akta.pro industry code is EUAIAFAG, Industrial Hazardous Waste Services (Manufacturing, Refineries, Metals, Automotive), with a secondary code of BPALAHAL, Universal Waste Management (Batteries, Lamps, Mercury-Containing). Its NAICS code is 562211 and its SIC code is 4955.