TAMPA, Florida -- MagneGas Corporation ('MagneGas' or the 'Company') (NASDAQ: MNGA), a leading energy and technology company that counts among its inventions a patented process that converts liquid waste into MagneGas fuel, today announced that its cutting fuel is being used in the steel portion of the demolition of the St. Petersburg Pier. The St. Petersburg Pier is a multi-story structure that is being demolished and replaced with new building. The demolition project is one of the largest in the city's history.
Demolition contractor and current MagneGas customer, Sonny Glasbrenner, Inc., was brought in to help demolish the structure. They specifically demanded MagneGas fuel for this project due to its unique properties including cut speed. The Pier was originally constructed in 1889 as a railroad pier and grew to become a major local restaurant and shopping destination. The project is expected to take 4 months and will use MagneGas2 for steel cutting and related demolition.
For a view of the demo project visit: https://www.squaremouth.com/st-petersburg-pier-cam
MagneGas2 has consistently received positive feedback from end users such as demolition companies, utility companies and industrial facilities because of its proven faster cutting speed, demonstrated safety attributes, eco-friendly aspects and smaller heat affected zone. The fuel is produced in the USA as opposed to acetylene which is made from calcium carbide imported primarily from China and other countries. The increased cutting speed translates into the potential of increased productivity and lower costs for end users.
'MagneGas is pleased to have been selected as the fuel of choice for this important project. Our customer requested MagneGas primarily due to the speed of the cut, which potentially means increased productivity and a quicker completion date. Sonny Glasbrenner has been a long time customer and we are grateful to be part of this historic project, This customer continues to come back to us for MagneGas for their critical projects.' commented Ermanno Santilli, CEO of MagneGas Corporation.
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About MagneGas Corporation
Founded in 2007, Tampa-based MagneGas Corporation (NASDAQ: 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 http://www.MagneGas.com.