MagneGas Corp. (MNGA) Adds Ajax Paving, Expands Michigan Footprint
Yesterday, MagneGas announced the addition of Ajax Paving Industries to its client list, as well as initiated operations in Michigan with the completion of its new 300kw refinery and acquisition of necessary permits. Based in Tampa, FL, MagneGas produces the MagneGas product, which is a natural gas alternative and metalworking fuel that is made from certain liquid wastes. This is accomplished through MagneGas' patented Plasma Arc Flow process, which gasifies liquid waste, and results in a product that is usable in applications where natural gas would normally be present. With the announcements came the revelation that Ajax would be converting…