Number of the Day: $75 million

September 13, 2012 | Number of The Day

The garbage incinerator in Newark is going to be around for a lot more years. Yesterday Covanta Energy said it will spend between $75 million and $100 million to reduce pollution from the facility.

The incinerator, which is owned by the Port Authority of New York and New Jersey, is turning over control of the operations to Covanta until 2032, with options through 2052. This ensures that the incinerator will operate for decades. About half of the trash it burns comes from New York City.

In return for control of the facility, Coventa has promised to install something called a “baghouse” filter, which the company says is a state-of-the-art particulate control system. It will also install a new recycling system for ferrous and non-ferrous materials in order to handle tons of iron, steel, and aluminum. It will also install a compressed natural gas refueling system, which is expected to be used by the next-generation solid waste collection systems.