CORAL SPRINGS, Florida, May 27, 2015 /PRNewswire/ --
Growing importance of replacing hydrogen based fuels for acetylene for various applications in welding & metal fabrication for identifying the hottest flame temperature of all commercially available fuel gases, making it an ideal atmosphere for oxy-fuel welding and cutting, as well as brazing applications. Biofuels technology companies in focus today are: MagneGas Corporation (NASDAQ: MNGA), Gevo, Inc. (NASDAQ: GEVO), Renewable Energy Group, Inc. (NASDAQ: REGI), Flexible Solutions International Inc. (NYSE: FSI), Solazyme, Inc. (NASDAQ: SZYM) and Cheniere Energy, Inc. (NYSE: LNG)
MagneGas Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA), a leading technology company that counts among its inventions a patented process that converts liquid waste into MagneGas® fuel, announced today that AB&I Foundry is now using MagneGas2® for fabrication and repairs at its Oakland, California facility. MagneGas distributor, TriCo Welding Supplies Inc. will be sourcing the fuel through MagneGas partner Placer Power, LLC. both California based.
Read the full MNGA news release at http://www.financialnewsmedia.com/profiles/mnga.html
AB&I Foundry produces quality cast iron soil pipe and fittings for drain, waste and vent (DWV) plumbing systems. They are a McWane, Inc. company based in California. McWane is a global leader in water distribution and infrastructure with 28 subsidiary companies world-wide. Company officials have indicated that they have chosen MagneGas2® due to its safety features and enhanced efficiency. MagneGas® will initially be supplied to the California AB&I location, but plans to solicit expansion into other locations and subsidiary companies. "We have an internal pollution control contest at AB&I, and I'm confident MagneGas will help me to be a contender that can win due to its safety features, reduced emissions and increased efficiency," stated Mike Olvera, AB&I Foundry Environmental Manager.
In other biofuels and alternative energy production news and happenings: Gevo, Inc. (NASDAQ: GEVO) recently announced that it has signed a strategic alliance agreement with Alaska Airlines to purchase Gevo's renewable jet fuel and fly the first-ever commercial flight on alcohol-to-jet fuel (ATJ). The demonstration flight is expected to occur after Gevo receives ASTM International certification for its fuel, sometime in mid to late 2015. Gevo has been working through the rigorous ASTM process for six years, which includes extensive engine testing and data analysis by all of the major original equipment manufacturers to establish the specification for this drop in fuel. Once approved, this fuel can be seamlessly integrated into the existing distribution infrastructure and onto commercial aircraft. Read more here: http://finance.yahoo.com/news/alaska-airlines-gevos-commercial-launch-120000909.html
Renewable Energy Group, Inc. (NASDAQ: REGI) produces and sells biofuels and renewable chemicals in the United States. It operates through two segments, Biomass-Based Diesel and Services. The Biomass-Based Diesel segment acquires feedstock; manages, constructs, and operates biomass-based diesel production facilities; and markets, sells, and distributes biomass-based diesel and its co-products. This segment produces biomass-based diesel from a range of feedstocks, including inedible corn oil, used cooking oil, and inedible animal fat; and from virgin vegetable oils, such as soybean oil or canola oil. On Tuesday, REGI closed up .61% on over 271,000 shares traded.
Flexible Solutions International Inc. (NYSE: FSI) is the developer and manufacturer of biodegradable polymers for oil extraction, detergent ingredients and water treatment as well as crop nutrient availability chemistry. Flexible Solutions also manufactures biodegradable and environmentally safe water and energy conservation technologies. The company recently announced financial results for the first quarter (Q1) ended March 31, 2015. Mr. Daniel B. O'Brien, CEO, states, "Q1, 2015 shows significant growth in revenue, income and cash flow compared to the year earlier period. This follows the same pattern as the last half of 2014 and is very satisfying. We anticipate that the hard work of our skilled team will allow this pattern to continue." Sales in the first quarter (Q1) were $4,963,887, up approximately 30% when compared to sales of $3,812,981 in the corresponding period a year ago. The financials show a Q1, 2015 net income of $504,265, or $0.04 per share, compared to a net loss of $155,578, or $0.01 per share, in Q1, 2014. Read more here: http://finance.yahoo.com/news/fsi-announces-first-quarter-2015-200000245.html
Solazyme, Inc. (NASDAQ: SZYM) news: The Biotechnology Industry Organization (BIO) recently named Solazyme CEO and co-founder Jonathan S. Wolfson as the recipient of its 2015 George Washington Carver Award for innovation in industrial biotechnology. George Washington Carver was one of the founding fathers of the chemurgy movement, a branch of applied chemistry focused on manufacturing industrial products from raw agricultural materials. Industrial biotechnology is the modern-day equivalent of Carver's vision for chemurgy, and the award honors individuals for carrying on Carver's legacy. "I am truly honored to accept the 2015 George Washington Carver Award for Solazyme's contribution to creating better, safer and healthier oils and ingredients for people and the planet," said Wolfson. "For more than a decade, we have been working to solve some of the world's biggest problems with one of its smallest and most ancient life forms: microalgae. Innovation never rests, and we will continue to use the tools of modern biotechnology to produce solutions that the world needs now more than ever."
Cheniere Energy, Inc. (NYSE: LNG) recently announced that its Board of Directors has made a positive Final Investment Decision ("FID") with respect to its liquefaction project near Corpus Christi, Texas (the "CCL Project") and has issued a notice to proceed ("NTP") to Bechtel Oil, Gas and Chemicals, Inc. ("Bechtel") to construct the first two natural gas liquefaction trains. The CCL Project is designed for up to three trains with expected aggregate nominal production capacity of approximately 13.5 million tonnes per annum ("mtpa"), three LNG storage tanks with capacity of approximately 10.1 Bcfe, two LNG carrier docks and a 22-mile, 48" natural gas supply pipeline. The first train is expected to start operations as early as 2018, with the second train expected to commence operations approximately six to nine months thereafter. "We have initiated construction on our second LNG export facility, the Corpus Christi liquefaction project, located on the Coastal Bend of Texas along the Gulf of Mexico. Including our LNG export facility at Sabine Pass, we now have six trains under construction, with first LNG expected at Sabine Pass from Train 1 by year end," said Charif Souki, Chairman and CEO of Cheniere.
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