subject: MagneGas Corp. (OTCBB: MNGA) Investors Are Applauding [print this page] Protecting the environment and establishing a green way of doing things is a major concern among people all over the world. In the U.S. alone, almost 247M tons of waste is generated every year, and the figure has been steadily increasing for quite some time. It has also been estimated that every person in this country generates 4.54 pounds of waste per day, and with population increases, that number will only grow.
The waste contains household waste, food scraps, discarded packaging, furniture and appliances, to yard clippings, sewage, cooking oil, and more generally, just a whole lot of garbage.Much of this waste contains environmentally damaging substances such as swage, sludge, cooking oil, and liquid waste, all of which are known to be very extremely dangerous to the human body. When thrown into landfills, they seep can into the soil, and eventually, our water supply. It happens much more often then we want to admit, and alarmingly, there's not much being done about the hazardous waste we throw out.
We've already accepted that waste is a monumental environmental hazard which directly increases the amount of greenhouse gases rising into the atmosphere, slowly deteriorating the entire world for future generations. The solution lies with a responsible recycling policy which must be adhered to for years to come in order to undo the damage that has already been done.
Magnegas Corp. is a companywho has pioneered an effort to convert liquid waste to a clean burning, cost competitive fuel with their breakthrough Plasma Arc Flow technology. Using this process, liquid waste is converted into stable and usable synthetic byproducts, their flagship being called MagneGas, a fuel that can be mixed with or someday even replace natural gas.
Compared to existing fossil fuels, MagneGas produces the lowest greenhouse gas emissions. MagneGas has been in the news recently for being received very favorably by users. The company recently closed a profitable deal with DDI in China, a partner with whom they supplied a MagneGas refinery worth $185M.
In an interview with WMM, Luisa Ingargiola, theCFO of MagneGas Corp., talked about this deal with DDI and how the Beijing company would be investing another $2M in a joint venture in which Magnegas would have a 20% stake.
When asked how important countries like China were in the planned globalization of MagneGas, she said that there was a lot of money in that region waiting to be invested in '"green" technology and that MagneGas was in a great position to profit and grow in the world's largest country, and perhaps eventually, largest economy.
She also said that MagneGas had been contacted from companies interested in their technology from practically every region in the globe. DDI became the first exclusive distributor for MagneGas in the Greater China region and MagneGas is now looking for exclusive distributors in other countries. She also said that companies from Dubai and Australia had expressed interest in concluding deals similar to the one made with DDI.
