Covanta

What Covanta does

Covanta, now operating as Reworld™ under the legal entity Reworld Waste, LLC, is a US-based sustainable waste management provider founded in 1983 and headquartered in Morristown, New Jersey. The company delivers integrated end-to-end waste accountability through five branded solution lines: ReAssure™ (EPA-validated PFAS destruction achieving 99% permanent destruction), ReDirect360™ (zero waste-to-landfill routing with audit-ready documentation), ReKiln Fuels™ (alternative engineered fuel for cement kilns and paper mills, claiming #1 independent North American supplier position), ReDrop™ (industrial wastewater treatment across 19 zero-discharge facilities), and ReMove™ (specialized hazmat/industrial waste logistics with real-time tracking). Underlying infrastructure includes 90+ processing facilities spanning Thermomechanical Treatment Facilities (TTFs), Materials Processing Facilities (MPFs), and Wastewater Treatment (WWT) sites, supported by 3,000+ vehicles in an owned fleet.

The company serves enterprise and government clients across 11 verticals including chemical manufacturing, pharmaceutical and biotechnology, healthcare, general manufacturing, energy and utilities, municipalities, government agencies, agriculture, retail, transportation, and construction. The company claims to be trusted by 40% of the Fortune 500, with named customer relationships including American Airlines and Greenpac Mills (a 22+ year partnership). Revenue is generated through transaction-fee pricing on waste management, alternative fuel production, recovered materials resale, and wastewater treatment services, structured via custom quotes and multi-year contracts.

The go-to-market motion is enterprise field sales with dedicated account management, complemented by a direct quote-based digital lead generation funnel. Marketing emphasizes thought leadership on the circular economy and PFAS remediation. The 2024 rebranding from Covanta to Reworld™ consolidated the operating identity around a sustainability narrative anchored by EPA validation, regulatory permits covering 540+ hazardous waste codes, and DEA/FDA-approved destruction capabilities. The company operates as a private entity following its departure from the NYSE, with 4,400 employees supporting national operations.

Name

Covanta

Legal name

Reworld Waste, LLC

Website

https://covanta.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Reworld™ (formerly Covanta) is a US-based sustainable waste solutions provider operating 90+ facilities and a 3,000+ vehicle fleet to deliver integrated waste management, PFAS destruction, alternative fuels, and wastewater treatment for Fortune 500 enterprises and government clients.

Ownership category

akta.pro rank

Product category

Waste Management Services

NAICS

Hazardous Waste Treatment and Disposal (562211), Waste Treatment and Disposal (5622), Remediation and Other Waste Management Services (5629)

SIC

Hazardous Waste Management (4955), Sanitary Services (4950), Refuse Systems (4953)

akta.pro primary industry

Hazardous Waste Incineration & Thermal Desorption (BPALAFAC)

akta.pro secondary industries

Solvent Recovery & Hazardous Waste Recycling/Reclamation (Distillation, Reuse) (BPALAFAH), Used Oil & Oily Waste Management (Collection, Re-refining, Disposal) (BPALAFAI)

Keywords

• Waste management services
• Hazardous waste disposal
• PFAS destruction solutions
• Alternative engineered fuels
• Industrial wastewater treatment

Headquarters

HQ city

Morristown

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Waste Management and Disposal Services: Comprehensive waste management services from collection to final disposal, including hazardous waste, industrial byproducts, and municipal waste. Revenue generated through service fees based on waste volume, type, and processing requirements.
2. Alternative Fuels Production: Conversion of non-recyclable waste into alternative engineered fuels (ReKiln Fuels) sold to cement kilns, paper mills, and power plants as coal replacement.
3. Recovered Materials and Metals: Recovery and resale of metals and other materials from waste streams, including 470K tons of metals recovered annually.
4. Wastewater Treatment and Recycling: Industrial wastewater treatment services with 284M+ gallons recycled or reused. Includes petroleum recovery for resale.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Covanta (Reworld™) provides end-to-end sustainable waste management services for enterprise and industrial clients, spanning hazardous and regulated waste collection, transportation, treatment, recycling, and disposal. The portfolio is organized under five branded solutions — ReAssure™ PFAS destruction, ReDirect360™ zero waste-to-landfill, ReKiln Fuels™ alternative engineered fuel, ReDrop™ wastewater treatment, and ReMove™ logistics — delivered through 90+ processing facilities and a 3,000+ vehicle fleet across the United States.

Product overview

Reworld™ (formerly Covanta) is a sustainable waste solutions provider offering a comprehensive portfolio of integrated waste management services. The company operates as a platform of specialized solutions including ReAssure™ (PFAS destruction), ReDirect360™ (zero waste-to-landfill), ReKiln Fuels™ (alternative engineered fuel production), ReDrop™ (wastewater treatment and recycling), and ReMove™ (waste logistics and transportation). These five branded offerings work together to provide end-to-end waste accountability from business site collection to final disposal, covering recycling, recovery, treatment, and alternative fuel production across 90+ facilities with a 3,000+ vehicle fleet. The company primarily serves Fortune 500 companies and government agencies across industries including healthcare, pharmaceuticals, chemical manufacturing, energy/utilities, manufacturing, agriculture, retail, and municipalities.

Differentiator

Problem solved

Functional benefit

Brands

• ReAssure™: PFAS destruction solution for destroying PFAS-containing materials at scale in commercial, industrial, and municipal waste streams.
• ReDirect360™
• ReMove™
• ReDrop™
• ReKiln Fuels™

Products and services

• ReAssure™ PFAS Destruction Demonstrated pathway for destroying PFAS-containing materials at scale in commercial, industrial, and municipal waste streams. Validated through rigorous collaborative testing with the EPA, achieving 99% permanent destruction of PFAS. The offering covers solid waste assessment at Materials Processing Facilities, liquid separation at Wastewater Treatment facilities, logistics and transportation, and destruction at Thermomechanical Treatment Facilities. Targeted at commercial, industrial, and municipal waste generators facing PFAS contamination and regulatory exposure.
• ReDirect360™ Zero Waste-to-Landfill Routes customer waste to recycling, reuse, or energy recovery while avoiding unnecessary landfilling. Includes waste stream audits finding missed opportunities and provides certificates for every job to support customer zero-waste goals and sustainability reporting. Targeted at enterprises with zero-waste-to-landfill commitments and corporate sustainability mandates.
• ReKiln Fuels™ Alternative Engineered Fuel Converts non-recyclable waste into low-carbon fuel for cement kilns, paper mills, and power plants, replacing coal ton for ton. Custom-blended to kiln specifications. Claimed to be the #1 independent supplier in North America, producing 166K+ tons annually with 30% year-over-year growth. Sold to industrial energy consumers seeking coal replacement and emissions reduction.
• ReDrop™ Wastewater Solutions Industrial wastewater treatment, recycling, and reuse solution handling metals, oils, organics, paints, and pharmaceutical waste. Operates 19 facilities with zero discharge capability and recovers petroleum for resale. Targeted at industrial facilities generating complex wastewater streams seeking to reduce freshwater intake and disposal footprint.
• ReMove™ Waste Logistics End-to-end waste transportation and logistics from customer loading dock to facility. Includes specialized hazmat, industrial, and regulated transport; 90+ processing facilities national coverage; real-time tracking; and full chain of custody. Targeted at enterprise waste generators needing compliant, tracked, and documented transport for hazardous and regulated materials.

Quantifiable outcome

• 20M+ tons diverted from landfill
• +7 more outcomes

Named customers3 records

Segments11 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators15 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Waste Management, Inc. Waste Management is the largest broad incumbent in North American waste services, with expanding industrial and recycling capabilities. Competes with Reworld on enterprise sustainability, landfill diversion, and recovered materials scale.
• Republic Services: Republic Services is a broad incumbent in solid waste and recycling with growing industrial and hazardous waste capabilities (including through its US Ecology acquisition). Competes with Reworld for enterprise sustainability and zero-waste-to-landfill mandates.
• Veolia North America: Veolia North America is a broad incumbent offering hazardous waste, water treatment, and resource recovery across a much larger portfolio. Overlaps with Reworld across ReDrop wastewater and alternative fuels but with deeper municipal and international scale.
• Suez (Water Technologies & Solutions / SUEZ Recycling and Recovery): Suez is a broad incumbent in water treatment, recycling, and waste recovery with global infrastructure. Comparable to Reworld across ReDrop wastewater and resource recovery solutions, with much broader geographic and municipal reach.

Regional players

• Casella Waste Systems: Casella Waste Systems is a regional player in solid waste, recycling, and resource management primarily in the Northeast US. Comparable vertical integration and recycling focus, but more limited national industrial/hazardous waste presence than Reworld.

Direct peers

• Clean Harbors: Clean Harbors is a direct peer as one of North America's largest providers of hazardous and industrial waste management, including treatment, disposal, and emergency response. Directly competes with Reworld's ReAssure PFAS, ReDrop, and ReMove offerings across similar regulated industrial customers.
• Heritage Environmental Services: Heritage is a direct peer in hazardous waste treatment, recycling, and disposal, serving chemical manufacturing and industrial clients. Comparable focus on solvent recovery, byproduct management, and on-site waste services for similar regulated customer verticals.
• GFL Environmental Services: GFL Environmental is a direct peer across solid waste, liquid waste, and industrial services with a significant US and Canadian footprint. Comparable enterprise customer targeting and overlap in industrial wastewater and byproduct management.
• Stericycle: Stericycle is a direct peer in regulated and hazardous waste services, particularly medical waste, pharmaceutical waste, and document destruction. Comparable enterprise-focused GTM targeting Fortune 500 healthcare and industrial customers with compliance-driven, multi-year contracts.

Emerging players

• Perma-Fix Environmental Services: Perma-Fix is an emerging player in mixed waste treatment, nuclear/hazardous waste processing, and specialty recycling. Comparable in treatment-focused niche and novel destruction technologies, but at meaningfully smaller scale than Reworld.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xinstagram.com/reworldwaste
• YouTubeyoutube.com/@reworldwaste
• Facebookfacebook.com/reworldwaste
• LinkedInlinkedin.com/company/covanta

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Covanta