MagneGas Corporation (MagneGas or the company), a leading technology company that counts among its inventions a patented process that converts liquid waste into MagneGas2® fuel, has announced that it has received a fuel purchase order (PO) from one of the largest gas companies in Mexico.
The purchaser will test MagneGas2® in the Mexican market as a replacement to acetylene and, if it receives favourable feedback from the test, they have indicated an interest in distributing and manufacturing MagneGas2® fuel for the Mexican market through a license agreement. The fuel for the test has already shipped and the test is expected to occur in the coming weeks.
This purchase order signifies a new era in the company's strategy for industrial gas sales. This is the first time the company has pursued a gas manufacturing license expansion project outside of the US specifically targeting acetylene replacement. MagneGas management believes that a successful outcome of the test could lead to additional gas sales and significant equipment sales through a license agreement.
"The company continues to execute on its strategy for industrial gas sales expansion. 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," said Ermanno Santilli, CEO of MagneGas Corporation.
Adapted from press release by Francesca Brindle
Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/16022016/magnegas-receives-fuel-purchase-order-leading-gas-company-mexico-2509/