Tampa, Florida-based MagneGas recently announced that its first international client, a gas company in Mexico, has placed an order to test MagneGas2 in the Mexican market as a possible replacement for acetylene, with licensing agreement potential.
With hopes of gaining permanent vendor status, MagneGas has already shipped fuel for the test run, to be performed in the near future. Company leaders indicated that a positive outcome could signal a breakthrough in marketing, leading to further sales of gas and equipment outside of the U.S.
"The company continues to execute on its strategy for industrial gas sales expansion,” Ermanno Santilli, CEO of MagneGas Corp., said. “This company in Mexico is highly respected in the industry and is one of the largest in the country. An agreement to expand into Mexico could significantly impact our industrial gas market footprint and sales opportunities."
MagneGas Corp. owns a patented process that converts various liquid wastes into hydrogen-based fuels with a dual purpose: used either as a replacement for natural gas, or for metal cutting. The company's testing has shown the fuels to be faster, cleaner and more productive than other products available; additionally, they are cost effective and safe.
The business currently sells MagneGas to the metal working market as a replacement for acetylene and also sells equipment for sterilizing bio-contaminated liquid waste for industrial and agricultural markets.
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