MagneGas forms 50-50 joint venture with confidential partner MagneGas said it formed a subsidiary joint venture with a confidential party. Supplemental Energy Solutions, a 50-50 joint venture, was formed between MagneGas and a confidential partner from the United States on January 16, to pursue coal co-combustion solutions in electric power utility companies. Preliminary internal testing being performed on a larger combustion unit is being observed by the major utility research center and is progressing positively. The 20% Carbon Dioxide reduction and other emission improvements seen in Sydney, Australia and at the MagneGas headquarters in Florida are being replicated consistently. The company believes these results may offer power companies and other industries a significant value.
MagneGas files patent and trademark on Venturi gasification systems MagneGas announced that it has filed a patent and trademark on the 3rd generation Venturi gasification systems. This latest patent and trademark is part of the company's effort to strengthen and broaden its intellectual and trademark property.