Demand for Patented Hydrocarbon Based Fuel for Industrial Market Applications Rises as Company Focuses on $35Bil Utility Company

CORAL SPRINGS, Florida, May 19, 2015 /PRNewswire/ --

Hydrogen based fuels now being used as substitutes for acetylene are in rising demand for agriculture and industrial markets as shortage in acetylene leads to alternative fuels solutions to increase performance & diversified applications.  Alternative Fuels & Energy Producing Companies in focus today are MagneGas Corporation (NASDAQ: MNGA), Clean Energy Fuels Corp. (NASDAQ: CLNE), Resolute Energy Corporation (NYSE: REN), Harvest Natural Resources (NYSE:HNR) and UGI Corporation (NYSE:UGI)

MagneGas Corporation (NASDAQ: MNGA), a leading technology company that counts among its inventions a patented process that converts liquid waste into MagneGas® fuel, announced today  that it successfully completed a MagneGas® presentation to one of the ten largest utilities in the United States and have scheduled formal demonstration and testing for June. 

Company officials viewed a MagneGas presentation and indicated an interest in MagneGas® productivity and safety features.  A formal demonstration and testing is scheduled for June, during which time the utility indicated they would invite other local utility companies in the area to attend.  The energy company specified they were interested in using MagneGas for repairs and demolition projects.

Read the full MNGA press release at http://www.financialnewsmedia.com/profiles/mnga.html

"We continue to have major industry leaders contact us to learn about MagneGas.  The industrial gas market is clearly open to innovative, disruptive products that can positively impact our ecological environment and the workplace.  MagneGas is one of those new products that is expanding their market share with the growing demand and recognition for our products.  We are excited at the enormity of these opportunities presented to us in just the last 30 days. Our commitment for our shareholders is to establish MagneGas as the standard for safety and usability," stated Ermanno Santilli, CEO Magnegas Corporation.

In other Independent energy company news and financial reporting:  Clean Energy Fuels Corp. (NASDAQ: CLNE) (Clean Energy or the Company) last week announced operating results for the first quarter ended March 31, 2015. Gallons delivered (defined below) for the first quarter of 2015 increased 27% to 75.2 million gallons, compared to 59.3 million gallons delivered in the same period a year ago. CNG, LNG and RNG gallons delivered were 52.4 million, 18.3 million and 4.5 million, respectively, for the first quarter of 2015, compared to 39.4 million, 16.7 million and 3.2 million, respectively, in the same period of 2014.  Read the full report at http://finance.yahoo.com/news/clean-energy-reports-75-2-200500165.html

Resolute Energy Corporation (NYSE: REN) last Monday reported financial and operating results for the quarter ended March 31, 2015.  Nicholas J. Sutton, Resolute's Chief Executive Officer, said: "The first quarter of 2015 was notable for many reasons. We increased average daily production to a record quarterly level and significantly reduced lease operating expenses and general and administrative expenses.  Read the full report at http://finance.yahoo.com/news/resolute-energy-corporation-announces-results-210209055.html

Harvest Natural Resources will post its Q115 quarterly earnings results on Tuesday, May 19th. Harvest Natural Resources (NYSE:HNR) last issued its quarterly earnings data on Monday, March 30th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.06. On average, analysts expect Harvest Natural Resources to post $-0.17 EPS for the current fiscal year and $-0.05 EPS for the next fiscal year.  Read more at http://www.dakotafinancialnews.com/harvest-natural-resources-hnr-to-release-earnings-on-tuesday/168865/

UGI Corporation (NYSE:UGI) announced last Friday that its wholly owned subsidiary, UGI France, has obtained approval from the French Competition Authority to complete its previously announced acquisition of Total's liquefied petroleum gas (LPG) distribution business in France ("Totalgaz"). This is the final regulatory approval required for the acquisition to close. The purchase price is approximately €400-€450 million. John L. Walsh, president and chief executive officer of UGI Corporation, said, "We are pleased to reach this important milestone and anticipate closing the transaction in the coming weeks. This acquisition represents another important step in our growth strategy and a sizable expansion of our European footprint. We have a long operating history in France and look forward to both welcoming the Totalgaz employees to UGI and expanding our scale within this highly attractive market. We will share more details with our investors once the transaction is complete."

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