One of Largest Cement Companies in Southeastern U.S. Places MagneGas® Fuel Order
Cement Company with over 300 Plants Places Order to Use MagneGas® as Replacement to Acetylene
TAMPA, Fla. -- MagneGas Corporation ('MagneGas' or the 'Company') (NASDAQ: MNGA), a leading technology company that counts among its inventions a patented process that converts liquid waste into a hydrogen-based fuel, announced today that a major cement company in the U.S. has approved MagneGas® fuel to replace acetylene and has placed their first order for a location in Florida.
The cement company has locations throughout the Southeastern U.S., the Caribbean, and South America with over 300 ready mix plants and 2,000 mixers. They have been testing MagneGas® for use in plant repairs and placed their first order for a location in Florida. The Company anticipates that they will roll-out to multiple additional locations in the coming weeks.
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 www.MagneGas.com.
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