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Area Development - Site Selection, Facility Planning and Workforce Development

MagneGas Corporation Expands Production To Sarasota, Florida

08/04/2016
MagneGas Corporation, a leading technology company that counts among its inventions a patented process that converts renewable and waste liquids into MagneGas2 fuel, signed a lease to open a facility for its subsidiary, Equipment Sales and Services, in Sarasota, Florida.

ESSI is a full line distributor of welding gases, welding tools, hardware, welding equipment and safety products. The Company will now be able to directly distribute MagneGas2, hard goods and other gases across Southwest Florida, where some of the Company's growing list of clients are located, company officials said. MagneGas has fully owned ESSI facilities in Clearwater and Lakeland, Florida with a joint venture facility located in North Florida.

"Right on the heels of opening a facility in our third location in Florida, we had the opportunity to expand further into this fourth location and we acted quickly. This is another step in our aggressive strategy to continue to expand our recurring revenue base by choosing locations in proximity to the underserved markets in the state. We anticipate our grand opening for this location will be within the next 60 days," stated Ermanno Santilli, CEO of MagneGas Corporation.

According to company officials, the company owns a patented process that converts various renewable and waste liquids into hydrogen based fuels. These fuels can be used as a replacement to natural gas or for metal cutting. The Company's testing has shown the fuels are faster, cleaner and more productive than other alternatives on the market. They are also cost effective and safe to use with little changeover costs. The Company currently sells MagneGas2 into the metal working market as a replacement to acetylene.

The MagneGas fuel production systems can be set-up locally using various types of feedstock, company officials said. The Company believes this flexibility can give them an advantage as fuels can be manufactured on site from raw materials found locally which can potentially eliminate the time and expense of shipping. The Company is planning to sell the equipment or establish joint ventures with third parties to construct these supply facilities and recently sold its first independent unit to a company located in Texas.

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