Conversion of Liquid Waste to Advanced Hydrogen-Rich Fuels for High Value Industrial & Commercial Applications Leads to Multi-Million Dollar Project Opportunities
December 17, 2015 at 08:30 AM EST
CORAL SPRINGS, Florida, December 17, 2015 /PRNewswire/ --
Advanced industrial uses for hydrogen based fuels continue to make strides in the industrial sector while sustainable, natural gas alternatives to current fuels used for Commercial & Industrial projects lead to lucrative opportunities with a significant impact for leading companies such as MagneGas Corporation (NASDAQ: MNGA), Air Products and Chemicals, Inc (NYSE: APD), Praxair, Inc. (NYSE: PX), The Dow Chemical Company's (NYSE: DOW) and Airgas, Inc. (NYSE: ARG)
MagneGas Corporation (NASDAQ: MNGA) an award winning technology company that counts among its inventions a patented process that converts liquid waste into MagneGas2® fuel, announced today that a lead sub-contractor for a major Kennedy Space Center build-out project has placed their first order for MagneGas2® fuel. The fuel will be used for the metal cutting portion of the project which is anticipated to be significant. S&R Enterprises LLC, a lead sub-contractor for the $100 + million Kennedy Space Center project that will last approximately 2 years, was first introduced to MagneGas® about 3 weeks ago during a demonstration arranged by a MagneGas partner, Suwannee Ironworks. Suwannee is MagneGas's partner in a MagneGas subsidiary, ESSI of North Florida. ESSI is an industrial supply, gases and safety supplies & products provider.
Read the full MagneGas (MNGA) Press Release at http://www.financialnewsmedia.com/profiles/mnga.html
Immediately after the demonstration, S&R chose to switch to MagneGas2® and requested pricing and training for its personnel (and eventually its sub-contractors). In addition, S&R also chose to purchase their other welding supplies from the Company showing once again that MagneGas2® is a unique differentiator and catalyst for growth in the Industrial Gas Sector. Josh Collins, Sr. Project Manager of S&R stated: "The demonstration clearly showed us that MagneGas should be our fuel of choice on this, and other, projects. The faster cutting speed and smaller heat affected zone, demonstrated safety attributes and its eco-friendly aspects won us over. We also realized that MagneGas could add dollars to our bottom line, due to the faster speed of the cut, increased productivity, less fuel required… all of which could result in a quicker, less costly completion date!"
In other chemical/gases/advanced fuels news and happenings: Air Products and Chemicals, Inc (NYSE: APD) Hydrogen Reactions Lab, located at its corporate headquarters in Allentown, Pa., announced earlier this month it is now operational and receiving material for laboratory trials. The new lab consists of three continuous, trickle bed reactors and has the design capability to handle hydrotreatment and hydrogenation reactions at pressures up to 2000 psig. The new lab enables customers to optimize existing hydrogenation and hydrotreatment reactions or switch from batch to continuous operation. The company announced this week that, effective immediately or as contracts permit, it will increase prices globally for process materials and advanced materials supplied by its Electronics business. Demand for Electronics materials continues to grow. These price increases are necessary to recover increasing raw materials, production costs, and continued supply reliability, quality improvements and research and development activities in order to support reinvestment to meet global market needs.
Praxair, Inc. (NYSE: PX) and certain affiliates announced they are notifying bulk gas and medical gas customers in the United States and Puerto Rico of price increases: • Up to 20% for nitrogen, oxygen, argon and hydrogen • Up to 10% for helium • Up to 15% for facility fees -- Price adjustments may be higher or lower in accordance with individual contract provisions and will be effective January 1, 2016, or as contracts permit. These adjustments are in response to rising costs and will support continued investments in capacity, reliability and efficiency of Praxair operations.
This week, The Dow Chemical Company's (NYSE: DOW) Board of Directors, including Third Point's two designated directors, are unanimously and fully supportive of the announced merger of equals with DuPont (NYSE: DD) and intended separation. This merger is the optimal path forward and a win for all of our shareholders. We stand by both our and DuPont's Boards' unanimous decisions to conduct this transaction, and are fully focused on achieving the successful integration of both powerhouse companies.
In a recent article found on TheStreet.com , Trade-Ideas LLC identified Airgas, Inc. (NYSE: ARG) as a "barbarian at the gate" (strong stocks crossing above resistance with today's range greater than 200%) candidate. In addition to specific proprietary factors, Trade-Ideas identified Airgas as such a stock due to the following factors: - ARG has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $251.9 million. - ARG has traded 1.2M shares on 12/16. - ARG traded in a range 211.2% of the normal price range with a price range of $1.08... Airgas, Inc., together with its subsidiaries, supplies industrial, medical, and specialty gases; and welding equipment and related products. It operates through two segments, Distribution and All Other Operations. The stock currently has a dividend yield of 1.8%. ARG has a PE ratio of 28. Currently there are no analysts that rate Airgas a buy, 2 analysts rate it a sell, and 10 rate it a hold. Airgas, Inc., together with its subsidiaries, supplies industrial, medical, and specialty gases; and welding equipment and related products. It operates through two segments, Distribution and All Other Operations. SOURCE: http://www.thestreet.com/story/13399890/1/airgas-arg-marked-as-a-barbarian-at-the-gate.html
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