Weekend Warriors

[mrfence]

Global Renewable Fuels Industry Poised For Significant Growth In 2017

Comtex Newswires

As the global demand for alternative and renewable fuels rises due to increasing traditional resource costs & an increasingly environmentally conscious economy, leaders within the alternative gas industry aim to capitalize through sales and market expansion. The industry is poised to receive a significant boost both from the private and public sectors as the demand for renewable gases and more efficient energies increases. The alternative/major chemical companies in focus today with current and recent developments include: MagneGas Corporation (NASDAQ: MNGA), The Chemours Company (NYSE: CC), Air Products and Chemicals, Inc. (NYSE: APD), Gevo, Inc. (NASDAQ: GEVO), Platform Specialty Products Corporation (NYSE: PAH)

MagneGas Corporation (NASDAQ: MNGA) Signs Definitive Agreements for $2.65 Million Equipment Sale to German Company Representing the Largest Single Sale in Company History - MagneGas, a leading technology Company that counts among its inventions a patented process that converts renewable and waste liquids into MagneGas2(R) fuel, announced today that it has entered into its largest equipment sale to date with the signature of definitive agreements ("Agreements") to manufacture and deliver certain equipment and supplies to a company based in Germany. MagneGas will receive $2.65 million for its proprietary Gasification and Sterilization systems and will supply MagnesGas2(R) fuel and cylinders. Read this and more news for MNGA at: http://marketnewsupdates.com/news/mnga.html

Under the terms of the Agreements, MagneGas will manufacture and deliver: 1) A 300KW stationary Gasification system; 2) A 100KW mobile Sterilization system; 3) 250 cylinders full of MagneGas2(R); and 4) 50 MagneGas regulators. A deposit of $25,000 has been received, with progress payments totaling $2.625 million to be paid over the course of the manufacturing and delivery of the various systems. The first payment of $1.35 million is due in 90 days with progress payments due thereafter with set construction and delivery milestones. In addition, the German company has indicated an interest in negotiating to purchase several additional systems for multiple markets.

The German company has indicated they will initially utilize the Gasification system to produce MagneGas2(R) fuel to sell into the German market with the potential of other markets coming online soon after. The Sterilization system is expected be used for demonstrations and small service contracts with the goal of entering the agriculture and municipal wastewater treatment markets in Germany.

Ermanno Santilli, CEO of MagneGas Corporation stated: "We are thrilled that our original LOI progressed so quickly to definitive agreements. We believe MagneGas2(R) fits very well into the European markets that have been moving towards clean and renewable fuel alternatives. This is the largest sale in the history of MagneGas and our first sale in Europe. We are looking forward to 2017 and believe this is a great start."

In other Major Chemical companies developments:

The Chemours Company (NYSE: CC) closed up on Wednesday at $22.21 trading over 34.7 Million shares by the market close. The Chemours Company provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America.

Air Products and Chemicals, Inc. (NYSE: APD) closed up on Wednesday $144.65 trading over 2 Million Shares by the market close. Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, electronics and performance materials, equipment, and services worldwide.

Gevo, Inc. (NASDAQ: GEVO) closed up over 13% on Wednesday trading over 9.8 Million shares by the market close. GEVO announced last week that it will effect a 1-for-20 reverse stock split previously approved by the Company's stockholders at a special meeting held on December 14, 2016. The 1-for-20 reverse stock split will be effective as of the close of business on January 5, 2017 and the Company's common stock will begin trading on a split-adjusted basis on Friday, January 6, 2017.

Platform Specialty Products Corporation (NYSE: PAH) closed up on Wednesday at $10.16 trading over 4 Million shares by the market close. Platform Specialty Products produces and sells specialty chemical products in the Americas, the Asia-Pacific, and Europe. It operates through two segments, Performance Solutions and Agricultural Solutions.

DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated one thousand nine hundred dollars for news coverage of the current press release issued by MagneGas Corporation by the company. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.

Contact Information:

Media Contact email: [e-mail] - [phone]

SOURCE MarketNewsUpdates.com

https://rt.prnewswire.com/rt.gif?NewsItemId=enUK201701057853&Transmission_Id=201701050830PR_NEWS_USPR_____