Liquid-waste-to-fuels company says its products could replace use of acetylene.
MagneGas Corp. a technology company that counts among its inventions a patented process that converts liquid waste into MagneGas fuel, has announced a major waste-to-energy company with 51 existing operating facilities processing solid waste into renewable energy, has requested formal testing of MagneGas as an immediate replacement to acetylene.
Company officials viewed a MagneGas demonstration in Florida and requested formal testing at their corporate headquarters. MagneGas will be tested as a replacement to acetylene for repairs and demolition. The waste-to-energy company is publicly traded on the New York Stock Exchange (NYSE), with a market value in excess of $2 billion, according to Magnegas. Their name is being held confidential until testing has been completed. Formal testing is scheduled to begin this week and is expected to be complete within 30 days.
"Securing major industry accounts such as this as early market adopters should provide the confidence for smaller companies to see the benefits of using MagneGas versus the alternatives. This is a decisive step forward in growth for MagneGas and we are excited at the opportunity to showcase our fuel," stated Ermanno Santilli, MagneGas CEO.
