MagneGas Corp. (MNGA.OB) Continues Business Plan Execution with Third Fuel Distributor Agreement
MagneGas Corp., a producer of a metal working fuel and natural gas alternative made from liquid waste such as sewage, sludge, manure and certain industrial and oil based liquid wastes, recently announced that the company has secured a new fuel distribution agreement with Tennessee-based Holston Gases. Under the terms of the agreement, Holston Gases will sell MagneGas™ through its 22 locations in Alabama, Kentucky and Tennessee. This new agreement, the company’s third, will expand MagneGas Corporation’s market share in the $680 million metal cutting fuel industry. MagneGas Corporation’s patented Plasma Arc Flow™ process gasifies liquid waste to create MagneGas™, a…