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Reworld

Processes waste into energy and materials

Overview

Reworld Waste provides sustainable waste solutions for businesses and communities in North America. Its services include materials processing and waste-to-energy plants, creating value from waste streams by recovering valuable materials and converting non-recyclable waste into energy. The company works with a wide range of clients and offers tailored solutions to manage waste in an environmentally responsible and cost-effective manner. How it works: they process waste streams to extract recyclables and other materials, then convert remaining non-recyclables into energy, using plants and processing facilities to handle different waste types. How it stands out: a focus on turning waste into both materials and energy, with customized solutions for diverse clients across industrial, municipal, and commercial sectors, aligning with circular economy goals. Goal: help clients achieve sustainable waste management by turning waste into resources and energy in a cost-efficient way.

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About Reworld

Simplify's Rating
Why Reworld is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Industrial & ManufacturingEnergy

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Morristown, NJ

Founded

1986

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Simplify's take

What believers are saying

  • Howard Lance became CEO on October 29, 2026, sharpening execution after Mohammed's exit.
  • Reworld refinanced $930 million in credit facilities, extending maturities and easing near-term liquidity.
  • EPA-validated PFAS destruction strengthens pricing power as regulators intensify forever-chemical enforcement.

What critics are saying

  • Miami-Dade seeks over $750 million over the 2023 fire; trial risk looms.
  • Communities keep pushing Delaware Valley closure, while California exits signal weak site economics.
  • Fitch says $1.0 billion term loans mature in 2028, pressuring refinancing and cash flow.

What makes Reworld unique

  • Reworld runs nearly 100 facilities across North America, spanning waste processing and energy recovery.
  • Its 2026 ReAssure PFAS service claims 17 million tonnes capacity and 99% destruction.
  • EQT-backed scale plus repeated acquisitions, including Clean & Green Recycling, deepen regional density.

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Funding

Total Funding

$930M

Above

Industry Average

Funded Over

2 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • 401(k) Company Match
  • Paid Vacation
  • Paid Parental Leave
  • Short-term & Long-term disability Benefits

Stock Price

Growth & Insights and Company News

6 month growth

0%

1 year growth

0%

2 year growth

0%
PR Newswire
Oct 30th, 2026
Reworld names board chair Howard Lance chief executive, replacing Azeez Mohammed

Reworld, a sustainable waste solutions company, has named Howard L. Lance president and chief executive officer, effective immediately. Lance has chaired its board since 2021, when funds managed by EQT Group acquired the company, then known as Covanta. He succeeds Azeez Mohammed, who will become senior advisor to Reworld and industrial advisor to EQT to support the transition. Mohammed said the company nearly doubled its footprint to almost 100 facilities and built the largest zero-waste-to-landfill platform under his leadership. The company rebranded from Covanta to Reworld in 2024. Lance previously led Maxar Technologies and Harris Corporation. Alex Darden, partner and head of infrastructure for the Americas at EQT, said Lance's leadership will "accelerate the company's next chapter of growth.

PR Newswire
Sep 2nd, 2026
Reworld® Acquires Long Island-Based Clean & Green Recycling Corporation, ClearFlo Technologies and EnviroTec

/PRNewswire/ -- Reworld®, a leader in sustainable waste solutions, today announced its acquisition of Clean & Green Recycling Corporation, ClearFlo...

PR Newswire
Jul 9th, 2026
EPA study validates Reworld® facility destroys 99% of PFAS 'forever chemicals' in waste

Reworld has released results from a US Environmental Protection Agency study conducted at its Lake County Thermomechanical Treatment Facility in Florida, validating the effectiveness of PFAS destruction. The study, carried out in spring 2024, showed the facility's process destroyed up to 99% of a conservative surrogate compound harder to eliminate than other PFAS. The findings support Reworld's recently launched ReAssure PFAS Destruction service, which offers approximately 17 million tonnes of processing capacity through facilities operating above 1,100°C. The service includes access to over 50 material processing facilities, wastewater treatment, and logistics coordination. PFAS contamination stems from thousands of everyday products including carpets, textiles, and packaging that end up in municipal solid waste streams.

PR Newswire
Jun 15th, 2026
Reworld publishes 2026 sustainability report, avoiding 39M metric tons of GHG emissions

Reworld, a sustainable waste solutions provider, has published its 2026 Sustainability Report detailing operational achievements across its North American platform. The company operates over 90 waste facilities and represents 70% of total thermomechanical treatment facility capacity in the US. The report highlights Reworld's launch of ReAssure PFAS Destruction, an end-to-end solution processing waste at temperatures above 1,100°C with demonstrated 99% PFAS destruction rates. The service provides access to approximately 17 million tonnes of processing capacity. Key results include 39 million metric tonnes of greenhouse gas emissions avoided, 8.7 megawatt hours of renewable electricity generated, and 19 million tonnes of waste diverted from landfills. The company reported 48% better safety performance than industry average and processed 3 million pounds of post-consumer pharmaceutical waste.

PR Newswire
Jun 9th, 2026
Reworld launches ReAssure with 17M tons capacity to destroy PFAS at 99% efficiency

Reworld has launched ReAssure PFAS Destruction, offering approximately 17 million tonnes of processing capacity for PFAS-containing materials through its network of Thermomechanical Treatment Facilities across the United States. The company claims this represents the nation's largest full-scale PFAS destruction capacity. Reworld's facilities process waste at temperatures above 1,100°C, demonstrating 99% destruction and removal of PFAS according to testing campaigns. The company operates over 50 material processing facilities that prepare non-bulk PFAS waste for delivery to treatment facilities, alongside wastewater treatment and logistics services. ReAssure addresses growing concerns about PFAS, commonly known as "forever chemicals", which the Agency for Toxic Substances and Disease Registry says are present in nearly all Americans' blood. The service provides permanent destruction rather than landfill storage.

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