MagneGas Technology starts operations in China

MagneGas Technology (Beijing) Co. Ltd., the joint venture (JV) of MagneGas Corporation and Beijing-based DDI Industry International (DDI), is now operating in China. MagneGas is the producer of a technology that converts liquid waste into a natural gas alternative. The new company sits on a seven acre research, development and production facility in Beijing. It has begun production and testing of fuel for metal working and automotive applications. The JV is 20%owned by U.S.-based MagneGas Corporation. “We are extremely pleased to announce the launch of MagneGas Technology (Beijing) Co. Ltd, and the long-awaited MagneGas Technology China market entrance,” said Allen Feng, CEO of MagneGas Technology. “China suffers from a liquid waste crisis, our fresh water is flooded with household and industrial waste, and the time has come for truly innovative solutions. We believe the MagneGas Technology is exactly that type of solution, and all initial feedback we have received indicates strong potential demand,” said Feng. (August 2, 2011)