MagneGas Corporation has completed and shipped its first equipment sale to an industrial gas business in the US.
MagneGas, a waste-to-energy innovator that converts liquid waste into a hydrogen-based fuel, shipped the Plasma-Arc Gasification system to Green Arc Supply, LLC of Louisiana.
Under the terms of the agreement, MagneGas received a total of $775,000 towards constructing the system. The system was then shipped to Green Arc following a final payment of $191,500 and factory acceptance.
Ermanno Santilli, CEO of the Florida-based business, said that this latest delivery continues the company’s great start to 2017 and stated, “This milestone is an indication of our ability to expand the industrial gas business organically through equipment sales and retail expansion.”
... to continue reading you must be subscribed
