MagneGas Retained for Large Dismantling Project

Company will provide cutting fuel to be used in the demolition of a 13.3 million-gallon oil tank in Port Canaveral, Fla.

January 24, 2012
Recycling Today Staff

MagneGas Corp., the developer of a technology that converts liquid waste into a hydrogen-based metal working fuel and natural gas alternative, has been retained by King Metal Recycling & Processing, Miami, in partnership with Marathon Construction and Demolition, Fort Lauderdale, Fla., to supply the cutting fuel needed for the dismantling of a 13,300,000-gallon oil tank in Port Canaveral, Fla.

The fuel for the project will be delivered from MagneGas’ Tarpon Springs, Fla., headquarters. The company estimates that more than 1,000 cylinders of MagneGas will be required to complete the demolition project.
King Metal and Marathon Construction also have agreed to use MagneGas’ product later in the year for another large joint venture project based in Alabama.

"After seeing a demonstration of MagneGas, we recognized immediately that this environmentally friendly alternative fuel is the ideal choice for this assignment," says Pete Amador, president of King Metal. "By using the MagneGas fuel on this project, we will be able to complete the demolition of the oil tank much faster, more efficiently and at a lower cost when compared to other metal cutting fuels."

"As we continue to successfully execute on our growth strategy, new customers are beginning to see the advantages and effectiveness of using MagneGas," says Scott Wainwright, president of MagneGas. "We are excited to be partnering with King Metal Recycling & Processing and Marathon Construction and Demolition on such an endeavor and look forward to a fruitful ongoing business relationship."