MagneGas Corporation, a Florida-based waste-to-energy company, announced it has purchased an extra 2,000 cylinders to keep up with accelerating demand for its MagneGas® fuel.
In a statement, the US company said the purchase order was crucial due to a “substantial backlog” in the growing demand for the hydrogen (H2) based fuel.
Additionally, MagneGas’ wholly owned gas distribution company, Equipment Sales & Service, Inc (ESSI), has put a further 400 cylinders into service to help accommodate ancillary gas demand.
The technology for creating MagneGas fuel is based on flowing liquid waste through a 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 around 5,500°C. MagneGas is then created by decomposed atoms rising to the surface and naturally forming into a gas.
Made in the US
The company attributes the additional demand to its sales infiltration into key vertical market segments. Furthermore, MagneGas fuel is produced in the US, compared to acetylene-based fuels made from calcium carbide imported from China and other countries.
Ermanno Santilli, CEO of MagneGas, enthused, “We started with independent verifications of our safer, faster and cleaner cutting fuel from prestigious organisations and leveraged those results to sell into these marquee customers. As a result, we are literally almost out of cylinders and this purchase will allow us to continue to expand our market penetration. We look forward to seeing the impact of these new cylinders on revenue in the coming months as we continue to expand nationwide.”
Santilli also announced that the business will be moving into new headquarters to “be able to bring our third unit on-line to produce yet more MagneGas,” although a date and location were not specified.
MagneGas Corporation is a waste-to-energy company that converts liquid waste into a H2 based fuel. The technology gasifies or sterilises a number of liquid wastes and produces the gaseous fuel MagneGas. It is cost competitive and clean burning and is designed to be interchangeable with natural gas, propane and acetylene. It can be co-combusted with existing hydrocarbon fuels and has significantly lower greenhouse gas emissions when compared to fossil fuels.