Published by Todd Bush on December 5, 2022
Acquisition of SGS Recovery, Frontier Fibers and Buffalo Fuel Corp. Accelerates Covanta's Transformation into North America's Leading Sustainable Materials Management Company
MORRISTOWN, N.J., Dec. 5, 2022 /PRNewswire/ -- Covanta, a premier provider of environmental services for businesses and communities across North America, today announced the acquisition of SGS Recovery, Frontier Fibers and Buffalo Fuel Corp., a suite of full-service, non-hazardous industrial waste processing, logistics and product reuse operations located in Niagara Falls, NY. The three acquisitions represent the latest in a series of transactions following Covanta's purchase by the EQT Infrastructure fund last year, significantly broadening the company's geographic footprint, expanding its customer base, and diversifying its zero waste-to-landfill and carbon negative capabilities. Today's announcement follows on the heels of the company's recent purchases of Miller Environmental Transfer and Biologic Environmental Services and Waste Solutions, notching another proof point in Covanta's rapid transformation into North America's leading sustainable materials management services provider.
>> In Other News: United Airlines Invests in Battery-Maker Natron Energy With Eye Toward Further Electrifying Ground Operations
"The addition of SGS Recovery, Frontier Fibers and Buffalo Fuel Corp. to our team is a game changer because it elevates Covanta into the leading provider of alternative fuels in the country," said Azeez Mohammed, President and CEO at Covanta. "These are exciting early innings in our transformation as we lay the groundwork for more sustainable solutions to carbon intrusive industries. We look forward to this extraordinary opportunity to build upon compelling services that not just meet customers' economic needs, but also present effective solutions that shape a truly circular economy."
"Since our founding, we have consistently delivered innovative services to our customers. Our three subsidiaries, SGS Recovery, Frontier Fibers and Buffalo Fuel Corp., will continue to do this, but at a whole new level at scale with the backing of industry leader Covanta. We have a bright future ahead of us and we look forward to bolstering our services with Covanta's unique offerings that meet the needs of an increasingly environmentally-conscious business world," said G. Aaron Santarosa, President of the Santarosa Group, owner of SGS Recovery, Buffalo Fuel Corp. and Frontier Fibers.
The three fully-permitted waste facilities are located in a key market for the company and bring with them a seasoned management team with a proven track record of business growth, increased transportation capabilities, and a diversified and complementary customer base. Today's acquisitions also enable Covanta to strengthen its ESG narrative with the addition of Alternative Engineered Fuels and Waste-to-Product services to its existing portfolio of environmentally sustainable solutions with a footprint in close proximity to Covanta's Waste-to-Energy and Material Processing Facilities in Western New York.
Covanta is a leader in sustainable materials management providing environmental solutions to businesses and communities across North America. Through its network of facilities and state-of-the-art services, Covanta is a single-source partner in solving today's most complex environmental challenges. For more information, visit https://covanta.com.
SOURCE Covanta Holding Corporation
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🛢️ Texas Emerges as Blue Ammonia Capital in $5B Investment Wave 🤝 Technip Energies and Shell Catalysts & Technologies Have Signed a Global Alliance Agreement for Carbon Captu...
Inside This Issue 💰 Industrial Giants Are Sitting on a $200 Billion Energy Goldmine 🗺️ New Reports Map BC’s Hydrogen Potential for Clean Energy Growth 🍁 Federal Government Spending Nearly $16M on ...
Inside This Issue 🛫 XCF Global Outlines Plan to Build Multiple SAF Production Facilities and Invest Nearly $1 Billion in Renewable Fuel Production Capacity by 2028 ⚓ Backgrounder: Government of Ca...
Technip Energies (PARIS:TE) and Shell Catalysts & Technologies have signed their global alliance agreement to work exclusively together to deliver a post-combustion amine-based carbon capture s...
National Carbon Capture Center Launches Novel UNOGAS MK3 Solvent Testing
A significant step forward in carbon capture is underway at the National Carbon Capture Center (NCCC), where KC8 Capture Technologies’ (KC8) advanced UNOGAS system – featuring the innovative UNO MK...
SYSADVANCE North America Secures 2 Additional Contracts for Landfill Gas Upgrading Systems
SYSADVANCE North America has been selected to supply landfill gas upgrading solutions for projects in Lincoln, Nebraska, and Waco, Texas. The METHAGEN LF 3000F and METHAGEN LF 1800F systems were se...
ST. CLOUD, Minn., July 17, 2025 (GLOBE NEWSWIRE) -- NFI Group Inc. (TSX: NFI, OTC: NFYEF, TSX: NFI.DB), a leader in propulsion-agnostic bus and coach mobility solutions, subsidiary New Flyer of Ame...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.