Hydrogen Based Fuels Replacement of Acetylene For Metal Cutting & Welding Reduces Environmental Impact While Improving Quality of Applications

CORAL SPRINGS, Florida, May 29, 2015 /PRNewswire/ --

Company Selected By Major Steel Construction Company In Western U.S. 

The global welding & metal cutting products industry such as high-velocity oxy-fuel equipment utilizing acetylene undergo major advancements by being replaced by new generation hydrogen based fuels that are driving new opportunities for Industrial, Commercial & Transportation applications.  Innovative Biofuel, Hydrogen Base Fuel Production Companies in focus today are:  MagneGas Corporation (NASDAQ: MNGA), Praxair, Inc. (NYSE: PX), FuelCell Energy, Inc. (NASDAQ: FCEL), Golar LNG (NASDAQ: GLNG) and Gevo, Inc. (NASDAQ: GEVO).

MagneGas Corporation (NASDAQ: MNGA), a leading technology company that counts among its inventions a patented process that converts liquid waste into MagneGas® fuel, announced today that a major construction company in California has selected MagneGas® fuel to replace acetylene and has placed their first order.  The construction company has been operating for over twenty years in three states with projects in steel, drywall and carpentry.  They selected MagneGas® for their metal cutting due to the quality of the cut and the fuel's reduced environmental impacts.  MagneGas anticipates that additional orders will be placed in the coming weeks for multiple construction projects.  

Read the full MNGA news release at http://www.financialnewsmedia.com/profiles/mnga.html

MagneGas Corporation  is a technology Company that counts among its inventions, a patented process that converts liquid waste into hydrogen based fuels.  The Company currently sells MagneGas® into the metal working market as a replacement to acetylene.

In other biofuels and hydrogen based fuel production news and happenings: Praxair, Inc. (NYSE: PX) announced earlier this month it has signed a long-term contract with Gerdau in India for the supply of gaseous oxygen to the company's blast furnace in Tadipatri, Andhra Pradesh. Gerdau is the largest long steel producer in the Americas and one of the leading suppliers of special long steel in the world.  Praxair will build, own and operate an 80 tons per day non-cryogenic vacuum-pressure-swing-adsorption plant, which is expected to start up in 2016. Gerdau's steel facility has an installed capacity to produce 300,000 tons of special steel per year, primarily for automotive, defense, railways and related industries.

FuelCell Energy, Inc. (NASDAQ: FCEL), a global leader in the design, manufacture, operation and service of ultra-clean, efficient and reliable fuel cell power plants, announced this week affordable on-site generation of high purity hydrogen for transportation and industrial applications using commercial fuel cell power plants. A megawatt-scale FuelCell Energy hydrogen delivery system can generate more than 1,200 kilograms of hydrogen per day, suitable for larger industrial applications or adequate to power a fleet of more than 1,500 fuel cell cars while also producing two megawatts of ultra-clean electricity. The hydrogen and power is generated in a low carbon manner when operating on natural gas, or is carbon neutral when utilizing renewable biogas as the fuel source.

Golar LNG (NASDAQ: GLNG) announced in early May that it has commenced discussions with partners Keppel and Black & Veatch aimed at exercising an option, under an existing framework agreement, for the ordering of a third GoFLNG unit similar to the Hilli and the Gimi.  The specific objective of these discussions will be to mature the option to deliver a third unit for start-up in 2018 i.e. between the target on-stream dates of 2017 and 2019 for the first two units destined respectively for Cameroon and Equatorial Guinea.

Gevo, Inc (NASDAQ: GEVO) announced this year it has developed potentially disruptive new technologies that use ethanol as a feedstock to produce hydrocarbons, renewable hydrogen, and other chemical intermediates. "The process produces tailored mixes of isobutylene, propylene, hydrogen and acetone, which are valuable as standalone molecules, or as feedstocks to produce other chemical products and longer chain alcohols," Gevo said in a statement. "This new technology has the potential to address additional markets in the chemicals and plastics fields, such as renewable polypropylene for automobiles and packaging and renewable hydrogen for use in chemical and fuel cell markets."  GEVO closed up over 16% at $3.60 on over 3Million shares traded by the market close on Thursday.

FinancialNewsMedia.com is leading provider of third party publishing & news dissemination services.  If you would like more information regarding our news coverage solutions, please visit http://www.financialnewsmedia.com for more details.  Get an edge on the market with our Premium News Alerts that are FREE for a limited time at http://www.financialnewsmedia.com/.  Follow us on Facebook:  http://www.facebook.com/financialnewsmedia and Twitter:  http://twitter.com/FNMgroup. 

DISCLAIMER:  FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNMG is NOT affiliated in any manner with any company mentioned herein.  FNMG and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNMG is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNMG has been compensated two thousand four hundred dollars for news coverage of the current press release issued by MagneGas Corporation by a non-affiliated third party.  FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. 

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.

Contact Information:
Company:  FN Media Group, LLC
Contact email:  [email protected]
U.S. Phone: +1(954)345-0611
URL: http://www.financialnewsmedia.com

SOURCE FN Media Group LLC

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED