General Motors Trials MagneGas(TM) Alternative Metal-Working Fuel
MagneGas Corp. (OTCBB: MNGA; MNGAD) is now supplying General Motors (NYSE: GM) with its MagneGas(TM) fuel. MagneGas Corp. converts liquid-based materials into hydrogen-based fuel, removing acetylene from the process.
GM is trialing the fuel in maintenance and metal-working activities at its Grand Blanc Weld & Tool Center in Flint, Mich. MagneGas will ship their fuel cylinders from its production facility in Michigan.
GM tested MagneGas(TM), assessing its environmental, health and safety impacts. It found it cut cleaner, faster and is more cost-effective than acetylene.
"We are always in pursuit of technologies that enhance quality and efficiency while also performing well on a holistic business case," said John Bradburn, manager of waste-reduction efforts at GM. "In its current state, this technology does just that. We're working closely with MagneGas to discuss possible future applications with potential to reduce our environmental impact."
"The fact that a world-renowned and storied company like GM would use MagneGas(TM) is an endorsement to the quality and benefits of our gas," said Marc Cuffaro, executive vice president of MagneGas Business Development.
"We're excited at the prospect of building a long-lasting relationship with GM and we will continue to capitalize on growth opportunities by showcasing the versatility and superiority of MagneGas(TM)," commented Scott Wainwright, president of MagneGas Corp.
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About MagneGas Corp.
Founded in 2007, Tampa-based MagneGas Corp. (OTC BB: MNGA; MNGAD) is the producer of MagneGas(TM), a natural gas alternative and metal working fuel that can be made from certain industrial, municipal, agricultural and military liquid wastes following the receipt of appropriate governmental permits.
The Company's patented Plasma Arc Flow(TM)( )process gasifies liquid waste, creating a clean burning hydrogen based fuel that is essentially interchangeable with natural gas. MagneGas(TM) can be used for metal working, cooking, heating, powering bi fuel automobiles and more. For more information on MagneGas, please visit the Company's website at www.magnegas.com.