Founded in 2007, Tampa-based MagneGas Corporation is the producer of MagneGas™, a natural gas alternative and metal working fuel made from liquid waste such as sewage, sludge, manure and certain industrial and oil based liquid wastes. The Company's patented Plasma Arc Flow™ process gasifies liquid waste, creating a clean burning fuel that is essentially interchangeable with natural gas, but with lower green house gas emissions. MagneGas™ can be used for metal cutting, cooking, heating or powering bi fuel automobiles.While MagneGas operates in the relatively small waste management industry (marketcap: $43 billion), they have positioned themselves to dominate the recycled natural gas niche they’ve created with their products. The green revolution and the “reuse, reduce and recycle” mentality has begun to sweep the world in the last two decades and strength in this movement is paving the way for this natural gas producer to grow. MagneGas has become cash flow positive as of the end of fiscal 2009 and improved their balance sheet as well. The company’s stock price jumped 18% percent today on volume of 15,000 shares as oil continues to drop this week on concerns over the oil rig explosion and subsequent leak in the Gulf of Mexico 3 weeks ago
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