MagneGas Receives First Gasification Equipment Order from U.S. for $550,000; Forms Joint Venture for Major Expansion
Joint Venture Signed to Expand into Multiple Areas of Louisiana and Texas, includes Equipment Sale, Royalty Payments and Profit Sharing
MagneGas Corporation49 minutes ago
TAMPA, Fla., July 24, 2015 /PRNewswire/ -- MagneGas Corporation ("MagneGas" or the "Company") (MNGA) a leading technology company that counts among its inventions a patented process that converts liquid waste into MagneGas® fuel, announced today that the Company has signed a Memorandum of Understanding ("MOU") with Green Gas Supply, LLC ("Green Gas") to expand into Louisiana and Texas with a $550,000 Plasma-Arc Gasification system sale that includes future royalty payments, profit sharing rights and an initial 300 cylinder gas order to seed the territory.
MagneGas Corporation49 minutes ago
TAMPA, Fla., July 24, 2015 /PRNewswire/ -- MagneGas Corporation ("MagneGas" or the "Company") (MNGA) a leading technology company that counts among its inventions a patented process that converts liquid waste into MagneGas® fuel, announced today that the Company has signed a Memorandum of Understanding ("MOU") with Green Gas Supply, LLC ("Green Gas") to expand into Louisiana and Texas with a $550,000 Plasma-Arc Gasification system sale that includes future royalty payments, profit sharing rights and an initial 300 cylinder gas order to seed the territory.
$MNGA Magnegas Corp Hot Stock Alert:
The Founding of MagneGas
MagneGas technology was initiated in 1998 when Dr. Ruggero Santilli invented the revolutionary technology, Plasma Arc Flow®. The Plasma Arc Flow®, a patented technology, is based on flowing the target liquid waste through a submerged electric arc between two electrodes. The arc decomposes the liquid molecules into atoms and forms a plasma around the tips of the electrodes at about 10,000°F / 5,500°C. The Plasma Arc Flow™ moves the plasma away from the electrodes and controls the formation of MagneGas, a hydrogen-based fuel that rises to the surface for collection. MagneGas Corporation currently holds the patent for the Plasma Arc Flow™.
MagneGas
MagneGas™ is an innovative green gas that is a replacement to acetylene. As well as being both safer and more cost effective than acetylene, it also cuts faster and cleaner.
MagneGas™ also improves the performance of equipment and the productivity of employees by concentrating the heat at the precise point of the cut, this creates a higher quality cut. MagneGas™ is safer because there is limited flashback during cuts and has a lower toxicity than acetylene. Since MagneGas™ costs less than acetylene and uses less oxygen it is very cost competitive and saves users money.
MagneGas
MagneGas™ is an innovative green gas that is a replacement to acetylene. As well as being both safer and more cost effective than acetylene, it also cuts faster and cleaner.
MagneGas™ also improves the performance of equipment and the productivity of employees by concentrating the heat at the precise point of the cut, this creates a higher quality cut. MagneGas™ is safer because there is limited flashback during cuts and has a lower toxicity than acetylene. Since MagneGas™ costs less than acetylene and uses less oxygen it is very cost competitive and saves users money.
Click here to buy MagneGasMagneGas 2®
The latest innovation, MagneGas 2®, is made of a renewable source and has a higher temperature than propane, acetylene, and the original MagneGas™. Like MagneGas™, MagneGas 2® also cuts faster and cleaner with little to no slag and uses less Oxygen. MagneGas™ can cut 2 inch steel at a rate of 18 inches per minute, 38% faster than Acetylene and 44% faster than Propane.
Sustainable Solutions
Sterilization
MagneGas has developed a technology that feeds liquid waste such as sewage or leachates through the Plasma-Arc Technology to sterilize any bacteria or pathogens. This process meets EPA standards to bring the liquid waste from a Class B waste to a safer Class A.
Markets for Sterilization include:
- Sewage
- Manures
- Medical Waste
- Leachates
- Industrial Waste
Co-Combustion
MagneGas is currently developing and verifying a Co-Combustion technology that results in unique combustion characteristics, namely burning MagneGas with less efficient fuels and wastes results in improved emissions, improved efficiency and a dramatic reduction in CO2. These combustion improvements are related to the extremely high flame temperature of the MagneGas fuel as independently verified by the City College of New York.
Working with one of the largest US power company’s independent laboratories MagneGas Corp and it’s partners have been verifying these claims since early 2014 and is nearing conclusion.
Markets for Co-Combustion include:
- Coal
- Medical Waste
- Incineration
- Heavy Oils
Technology
Summary of the MagneGas® Plasma Arc Flow Technology:
MagneGas Corporation® is a waste to energy company that converts liquid waste into a hydrogen based fuel. The Company owns the patents to this revolutionary technology which gasifies or sterilizes a number of liquid wastes and produces a gaseous fuel known as MagneGas®. MagneGas® is a cost competitive and clean burning fuel that is essentially interchangeable with Natural Gas, Propane and Acetylene and it can be co-combusted with existing hydrocarbon fuels. MagneGas also has significantly lower greenhouse gas emissions when compared to fossil fuel. The Magnegas® system occupies a small footprint and runs in a sealed, quiet and smoke free system.MagneGas® Fuel Can be Used for:
MagneGas® Recyclers Can Process:
The patented technology is based on flowing the target liquid waste through our patented submerged electric arc system between two electrodes. The arc decomposes the liquid molecules into atoms as it forms a plasma around the tips of the electrodes at about 10,000°F / 5,500 C. MagneGas® is created as the decomposed atoms rise to the surface and naturally forms into a gas.
MagneGas® is a cost competitive synthetic gas made from many liquid wastes such as sewage, sludge, animal manure, glycerin, used antifreeze, some oil based liquids and waste water.
Sterilization Recycler
The post combustion exhaust from MagneGas® has been certified by an automotive laboratory accredited with the EPA to surpass all EPA requirements without a catalytic converter, and releases more oxygen when it burns than other fuels, making it dramatically cleaner than gasoline, diesel, and natural gas.The MagneGas Recyclers have two operating modes:
GASIFICATION MODE is suitable to gasify target liquids for the maximum conversion of liquid to fuel and is most suitable for oily or hazardous wastes that require elimination. The waste is converted into MagneGas and carbon precipitates. In this mode the liquid is gasified.
STERILIZATION MODE is intended to sterilize target liquid wastes such as sewage, agricultural wastes, leachates, or any effluent where eliminating bacteriological activity is beneficial to convert the waste liquid into a fertilizer or Class A waste. This results in the production of MagneGas, and the same quantity of sterilized liquid, in this mode the liquid is retained but completely sterilized.
Certification of MagneGas Exhaust:
Magnegas® fuel was shown by EPA accredited laboratory analysis results to be suitable for use as automotive fuel without catalytic converters while surpassing all current EPA requirements for combustion exhaust emissions, as shown below.
The data was obtained using a Honda Civic adapted to run on natural gas and used with MagneGas without any change in timing and stochiometric ratio. The data on gasoline were obtained via the use of an identical Honda Civic running on gasoline. All data were obtained using the complex EPA routine simulating various city and mountain driving conditions.
The quality of MagneGas® exhaust is dramatically better than that of natural gas and gasoline. MagneGas® exhaust is much lower than EPA requirements; has about 50% less green gases (CO2) than gasoline exhaust; and contains 9% to 12% oxygen. Based on these measurements, it is postulated that MagneGas fuel can be used as an additive to fossil fuels to improve their exhaust characteristics.
MagneGas 2 Stability Test
FABTECH MagneGas Video
Major Government Contractor and Minister of Energy in Haiti Considering MagneGas Fuel and Equipment Import
MagneGas Completes Demonstration to Haitian Government Officials for Use of Fuel for Metal Cutting and Cooking
TAMPA, Fla., July 16, 2015 /PRNewswire/ -- MagneGas Corporation, ("MagneGas" or the "Company") (MNGA), a technology company that counts among its inventions a patented process that converts liquid waste into MagneGas® fuel, joined Panexus Haiti S.A. (Panexus), a major general contracting firm specializing in design, build and civil engineering projects, in Port-au-Prince Haiti this week to give a presentation and demonstration of MagneGas 2® to government officials including Minister of Energy Rene Jean Jumeau and Minister of National Education and Professional Training Nesmy Manigat.
MagneGas has been focusing on expansion in the Caribbean to better assist in the overall development and sustainability of communities in the area. The company is currently making strides to assess and implement MagneGas® in the industrial sector as a clean alternative to current fuels, as well as a sustainable natural gas alternative for cooking stoves in Haiti. Currently, almost all Haitians rely on inefficient char-burning, or expensive propane fuel to prepare food.
Haiti is at a disadvantage developmentally due to the country having no natural source of oil derived fuels, making them 100% reliant on imports and unable to influence the market volatility. High fuel costs, low wages, and lack of jobs has created an inability to afford imported energy sources, which has led to deforestation, since wood is the cheapest fuel at the moment. As the second largest country in the Caribbean with 10.4 million citizens, the opportunity to create jobs and turn waste into a Haitian controlled fuel source has the potential to have a significant impact on the area, both environmentally as well as economically.
"Haiti is in need of an industry that can create local jobs and improve access to energy. The added benefit of this system is that it enables Haiti to develop in a more sustainable manner, ensuring the ability to thrive for future generations," says Panexus CEO Gilbert Hippolyte. "We are excited to work with MagneGas on many different initiatives."
With fuel already being a significant expenditure for households, it is important that more affordable solutions be created. Every 1% improvement in efficiency or cost will save the 10.4 million Haitians millions of dollars each year; money that can be reinvested back into the community. Mr. Hippolyte believes MagneGas to be a progressive step towards breaking free from the current limitations gas importation causes.
On Tuesday, July 14th, The MagneGas demonstration commenced with a digital presentation of their product lineup given by Ermanno Santilli, CEO of MagneGas Corporation. Following the presentation, the group gathered in Panexus headquarters to witness the product in action as experts cut steel using the seamless effectiveness and efficiency of MagneGas 2. The afternoon ended with a final presentation by Spyro Vassiliou, MagneGas Assistant Vice President of Sales, and an assessment of the efficiency of MagneGas for use in stoves.
TAMPA, Fla., July 16, 2015 /PRNewswire/ -- MagneGas Corporation, ("MagneGas" or the "Company") (MNGA), a technology company that counts among its inventions a patented process that converts liquid waste into MagneGas® fuel, joined Panexus Haiti S.A. (Panexus), a major general contracting firm specializing in design, build and civil engineering projects, in Port-au-Prince Haiti this week to give a presentation and demonstration of MagneGas 2® to government officials including Minister of Energy Rene Jean Jumeau and Minister of National Education and Professional Training Nesmy Manigat.
MagneGas has been focusing on expansion in the Caribbean to better assist in the overall development and sustainability of communities in the area. The company is currently making strides to assess and implement MagneGas® in the industrial sector as a clean alternative to current fuels, as well as a sustainable natural gas alternative for cooking stoves in Haiti. Currently, almost all Haitians rely on inefficient char-burning, or expensive propane fuel to prepare food.
Haiti is at a disadvantage developmentally due to the country having no natural source of oil derived fuels, making them 100% reliant on imports and unable to influence the market volatility. High fuel costs, low wages, and lack of jobs has created an inability to afford imported energy sources, which has led to deforestation, since wood is the cheapest fuel at the moment. As the second largest country in the Caribbean with 10.4 million citizens, the opportunity to create jobs and turn waste into a Haitian controlled fuel source has the potential to have a significant impact on the area, both environmentally as well as economically.
"Haiti is in need of an industry that can create local jobs and improve access to energy. The added benefit of this system is that it enables Haiti to develop in a more sustainable manner, ensuring the ability to thrive for future generations," says Panexus CEO Gilbert Hippolyte. "We are excited to work with MagneGas on many different initiatives."
With fuel already being a significant expenditure for households, it is important that more affordable solutions be created. Every 1% improvement in efficiency or cost will save the 10.4 million Haitians millions of dollars each year; money that can be reinvested back into the community. Mr. Hippolyte believes MagneGas to be a progressive step towards breaking free from the current limitations gas importation causes.
On Tuesday, July 14th, The MagneGas demonstration commenced with a digital presentation of their product lineup given by Ermanno Santilli, CEO of MagneGas Corporation. Following the presentation, the group gathered in Panexus headquarters to witness the product in action as experts cut steel using the seamless effectiveness and efficiency of MagneGas 2. The afternoon ended with a final presentation by Spyro Vassiliou, MagneGas Assistant Vice President of Sales, and an assessment of the efficiency of MagneGas for use in stoves.
Related Quotes
MagneGas Corporation Watchlist
The MagneGas IR App is now available for free in Apple's App Store for the iPhone or iPadhttp://bit.ly/AfLYww and at Google Playhttp://bit.ly/Km2iyk for Android mobile devices.
To be added to the MagneGas investor email list, please email pcarlson@kcsa.com with MNGA in the subject line.
About Panexus Haiti S.A.Panexus Haiti S.A. (Panexus) is a general contracting firm specializing in design, build and civil engineering projects. The company has in-depthEXPERIENCE
in general construction projects including renovation and maintenance in the public and private sector. As one of the largest construction companies in Haiti, Panexus' portfolio includes two local airports, the Port-au-Prince Public Market (Marche en Fer) and Digicel Building among others. Following the devastating earthquake of 2010, Panexus became a proven leader and major player in the construction industry while building and strengthening public and commercial infrastructure, including one of their multi-million dollar signature projects being the restoration of the Toussaint L'ouverture International Airport. Founded by Randall Toussaint and Gilbert Hippolyte in 2009, Panexus Haiti S.A. is successfully implementing 'Professionalism, Dedication and Value' on all of its construction projects and is recognized as one of the largest, fastest growing dependable construction firms in Haiti. The Company is the first Haitian firm to be awarded a major U.S. State Department contract as well as secure financing from The Overseas Private Investment Corporation (OPIC). Panexus also works closely with reputable organizations such as The United Nations Children's Fund (UNICEF), World Vision, Islamic Relief, The United States Agency for International Development (USAID), the French Government and more.
About MagneGas Corporation
Founded in 2007, Tampa-based MagneGas Corporation (MNGA) is a technology Company that counts among its inventions, a patented process that converts liquid waste into hydrogen based fuels. The Company currently sells MagneGas® into the metal working market as a replacement to acetylene. It is also selling equipment for the sterilization of bio-contaminated liquid waste for various industrial and agricultural markets. In addition, the Company is developing a variety of ancillary uses for MagneGas® fuels utilizing its high flame temperature for co-combustion of hydrocarbon fuels and other advanced applications. For more information on MagneGas®, please visit the Company's website at www.MagneGas.com.
FORWARD-LOOKING STATEMENTSThis press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/major-government-contractor-and-minister-of-energy-in-haiti-considering-magnegas-fuel-and-equipment-import-300114075.html
The MagneGas IR App is now available for free in Apple's App Store for the iPhone or iPadhttp://bit.ly/AfLYww and at Google Playhttp://bit.ly/Km2iyk for Android mobile devices.
To be added to the MagneGas investor email list, please email pcarlson@kcsa.com with MNGA in the subject line.
About Panexus Haiti S.A.Panexus Haiti S.A. (Panexus) is a general contracting firm specializing in design, build and civil engineering projects. The company has in-depthEXPERIENCE in general construction projects including renovation and maintenance in the public and private sector. As one of the largest construction companies in Haiti, Panexus' portfolio includes two local airports, the Port-au-Prince Public Market (Marche en Fer) and Digicel Building among others. Following the devastating earthquake of 2010, Panexus became a proven leader and major player in the construction industry while building and strengthening public and commercial infrastructure, including one of their multi-million dollar signature projects being the restoration of the Toussaint L'ouverture International Airport. Founded by Randall Toussaint and Gilbert Hippolyte in 2009, Panexus Haiti S.A. is successfully implementing 'Professionalism, Dedication and Value' on all of its construction projects and is recognized as one of the largest, fastest growing dependable construction firms in Haiti. The Company is the first Haitian firm to be awarded a major U.S. State Department contract as well as secure financing from The Overseas Private Investment Corporation (OPIC). Panexus also works closely with reputable organizations such as The United Nations Children's Fund (UNICEF), World Vision, Islamic Relief, The United States Agency for International Development (USAID), the French Government and more.
in general construction projects including renovation and maintenance in the public and private sector. As one of the largest construction companies in Haiti, Panexus' portfolio includes two local airports, the Port-au-Prince Public Market (Marche en Fer) and Digicel Building among others. Following the devastating earthquake of 2010, Panexus became a proven leader and major player in the construction industry while building and strengthening public and commercial infrastructure, including one of their multi-million dollar signature projects being the restoration of the Toussaint L'ouverture International Airport. Founded by Randall Toussaint and Gilbert Hippolyte in 2009, Panexus Haiti S.A. is successfully implementing 'Professionalism, Dedication and Value' on all of its construction projects and is recognized as one of the largest, fastest growing dependable construction firms in Haiti. The Company is the first Haitian firm to be awarded a major U.S. State Department contract as well as secure financing from The Overseas Private Investment Corporation (OPIC). Panexus also works closely with reputable organizations such as The United Nations Children's Fund (UNICEF), World Vision, Islamic Relief, The United States Agency for International Development (USAID), the French Government and more.
About MagneGas Corporation
Founded in 2007, Tampa-based MagneGas Corporation (MNGA) is a technology Company that counts among its inventions, a patented process that converts liquid waste into hydrogen based fuels. The Company currently sells MagneGas® into the metal working market as a replacement to acetylene. It is also selling equipment for the sterilization of bio-contaminated liquid waste for various industrial and agricultural markets. In addition, the Company is developing a variety of ancillary uses for MagneGas® fuels utilizing its high flame temperature for co-combustion of hydrocarbon fuels and other advanced applications. For more information on MagneGas®, please visit the Company's website at www.MagneGas.com.
Founded in 2007, Tampa-based MagneGas Corporation (MNGA) is a technology Company that counts among its inventions, a patented process that converts liquid waste into hydrogen based fuels. The Company currently sells MagneGas® into the metal working market as a replacement to acetylene. It is also selling equipment for the sterilization of bio-contaminated liquid waste for various industrial and agricultural markets. In addition, the Company is developing a variety of ancillary uses for MagneGas® fuels utilizing its high flame temperature for co-combustion of hydrocarbon fuels and other advanced applications. For more information on MagneGas®, please visit the Company's website at www.MagneGas.com.
FORWARD-LOOKING STATEMENTSThis press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/major-government-contractor-and-minister-of-energy-in-haiti-considering-magnegas-fuel-and-equipment-import-300114075.html
Distributors
WORLD-WIDE DISTRIBUTORS & PARTNERS
MagneGas AustraliaMagnegas Australasia Pty Ltd.
P.O. Box 194
Higfields, QLD 4352
Email: austmagnegas@gmail.com
MagneGas Italy
Nuova Magnegas Italia
Localita Ponte Valention
Benvento, Italy 82100
Email: info@magnegasitalia.com
MagneGas China
Rm.B-1613 Peking Times Square,
Huizhongli #103, Chaoyang Dis.
Beijing China 100101
Email: allenfeng@ddichina.com
Jeruz Energy
India
362-694-7279
INDUSTRIAL GAS DISTRIBUTORS
GTW Welding Supplies201 W Greenville West Drive
Greenville Mi, 48838
616-754-6120
Accugas LLC
1019 Hurst Rd
Jackson Mi, 49203
517-750-7521
Air & Welding Inc.
9700 NW 115 Way, Bay #1
Medley, FL 33178
305-863-6613
Bluewater Industrial Products Inc.
37280 Green St.
New Baltimore Mi, 48047
586-725-6300
WSI Gas and Energy
1725 Edsall Ave
Fort Wayne, Indiana 46803
260-423-4468
Placer Power
916-300-8598
www.placerpower.com
Trico Welding Supply
Sacramento Location:
8632 Elder Creek Rd
Sacramento, CA 95828
Woodland Location:
1590 E. Kentucky Ave
Woodland, CA 95776
Sidney Lee Welding Supply, Inc.
Hampton, GA, 30228
770-946-4287
York Welding Supply, Inc.
York, PA, 17406
717-846-8277
MagneGas Corporation
Tarpon Springs, Florida
727-934-3448
No comments:
Post a Comment