Next Generation Patented Technology for Production & Conversion of Waste to Gaseous Fuels Leads to Revenue Potential For Growing Distribution Opportunities

CORAL SPRINGS, Florida, April 16, 2015 /PRNewswire/ --

Alternative fuels production offers huge opportunities with diversification ranging from waste-to gas, coal-to-ethanol and natural gas innovations for the Major Integrated Oil & Gas sector.  Basic Material Companies in focus today are:  MagneGas® Corporation  (NASDAQ: MNGA), Clean Energy Fuels Corp. (NASDAQ: CLNE), Encana Corporation (NYSE: ECA), ConocoPhillips (NYSE: COP) and Pacific Ethanol, Inc. (NASDAQ: PEIX)

MagneGas Corporation (NASDAQ: MNGA) is a leading technology company. Included in the Company's IP portfolio is a patented process that converts liquid waste into MagneGas® fuel. Today the Company announced that its subsidiary, Equipment Sales and Services Inc. (ESSI) has signed a contract to open a sales and service outlet into North Central Florida.    A 50/50 joint venture was established with Suwannee Ironworks ("Suwannee"), an existing client. This allows for the distribution of MagneGas® in areas not currently serviced by the Company, as well as opening up additional potential revenue opportunities from gas and welding supplies. The expanded location also allows MagneGas to capitalize on authorized distributor contracts with Lincoln and Miller, which would not be possible without an already an existing distributorship.  The Company expects that this new joint venture will launch MagneGas® into North Florida, from Tallahassee to Jacksonville, as well as from Southern Georgia to Gainesville, FL.  MagneGas's subsidiary, ESSI, will provide the inventory, proprietary distributorships, accounting and billing management while Suwanee will provide the commercial location, shipping, transportation, and personnel to operate the new location for the joint venture.  The Company believes this will allow them to service existing MagneGas clients with all their industrial needs which was previously difficult due to distance.

Read the entire MNGA Press Release at http://www.financialnewsmedia.com/profiles/mnga.html

"ESSI was purchased as a platform to not only sell MagneGas®, but to service industrial welding needs as well. Our new location will allow us to service existing MagneGas clients which was previously impracticable due to distance," stated Jack Armstrong, Executive Vice President Operations for MagneGas and ESSI.  "We purchased ESSI to expand MagneGas sales and growth. Many clients prefer a 'one stop shop' and having a local physical location should attract additional clients to MagneGas® fuel. The official opening is scheduled for July 1 but our sales and marketing efforts have already commenced."   Ernie Caparelli, one of the owners of Suwanee Ironworks, commented, "Through our many business relationships in the area, we anticipated being able to provide a significant impact on MagneGas's sales growth and service in this new market. Local knowledge is critical to success in North Florida.  Suwannee Ironworks has been in business for over 30 years and our long standing contacts will allow us to gain immediate traction in the market. "

In other Green Energy News & Happenings: Clean Energy Fuels Corp. (NASDAQ: CLNE) recently announced fueling has begun at two new compressed natural gas (CNG) fueling station in Southern California as well as two new truck-friendly CNG stations in Lake Havasu City, Ariz., and Kansas City, Kan. The company also received industry recognition for its new NGV Easy Bay® from Heavy Duty Trucking Magazine as well as the top transit engineering honor at the Canadian Deputy Minister's Consulting Engineers Awards. Additional agreements representative of Clean Energy's growing portfolio of natural gas fueling customers were also announced.

Encana Corporation (NYSE: ECA) and the Cutbank Ridge Partnership ("CRP"), a partnership between Encana and a subsidiary of Mitsubishi Corporation, recently announced they have completed the previously announced sale of certain natural gas gathering and compression assets supporting development in the Montney area of northeastern British Columbia to Veresen Midstream Limited Partnership ("Veresen Midstream"), a 50/50 limited partnership of Veresen Inc. and affiliates of Kohlberg Kravis Roberts & Co. L.P. ("KKR"). Total cash consideration to Encana is approximately C$461 million. Under the terms of the agreement, Veresen Midstream will provide gathering and compression services to each of Encana and the CRP under separate fee-for-service arrangements in a dedicated area of mutual interest within the Montney resource play. Veresen Midstream has agreed to undertake up to C$5 billion of new midstream expansion to support development within the area of dedication. Encana will continue to operate the related facilities and lead future infrastructure construction on behalf of Veresen Midstream, which will oversee all commercial and other ownership activities.

ConocoPhillips (NYSE: COP) provided details of its financial priorities and operating plan at its Analyst and Investor Meeting in New York. Members of the company's executive leadership team discussed ConocoPhillips' goal to offer attractive annual returns to shareholders through a compelling dividend, predictable growth and a priority on margins and financial returns. "The energy landscape has changed dramatically as a result of the recent decline in commodity prices, but we responded quickly to position the company as a core energy holding in a lower, more volatile price environment," said Ryan Lance, chairman and chief executive officer. "We have a diverse, world-class portfolio that provides increasing capital flexibility as our major projects start to come online. We also have a strong balance sheet with the financial flexibility to respond to changes in the price environment."

Pacific Ethanol, Inc. (NASDAQ: PEIX) produces and markets low-carbon renewable fuels in the Western United States. It sells ethanol primarily to gasoline refining and distribution companies. The company also provides ethanol transportation, storage, and delivery services through third-party service providers. In addition, it markets ethanol co-products, including wet distiller grains and syrup to dairy operators and animal feed distributors; and corn oil to poultry and biodiesel customers. On Wednesday, PEIX closed up 4.16% on over 1.4 million shares traded.

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