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MagneGas Corp forms subsidiary joint venture for Coal Co-Combustion Power Industry


Monday, 20 Jan 2014 02:30pm EST 

MagneGas Corp:Says it forms a subsidiary joint venture with a confidential party.Says Supplemental Energy Solutions LLC, a 50-50 joint venture, was formed between the company and a confidential partner from the United States on Jan. 16, 2014 to pursue coal co-combustion solutions in electric power utility companies.Says on Oct. 7, 2013, the company signed a Memorandum of Understanding (MOU) with a confidential U.S. partner to form a Joint Venture to pursue the use of MagneGas in the reduction of hydrocarbon emissions for the coal power industry in the United States and Canada. 

Company Quote

0.71
0.0060 +0.85%
19 Dec 2014