TAMPA, FL--(Marketwire - 06/17/10) - MagneGas Corporation ("MagneGas" or the "Company") (OTC.BB:MNGA - News), a producer of a metal working fuel and natural gas alternative made from liquid waste, announced today that its construction of the 200kw Plasma Arc Flow™ Refinery ordered by Beijing-based DDI Industry International ("DDI") is on schedule and nearing completion. The Company expects DDI to inspect the unit in person in July, and make its final payment of $950,000 by no later than August 31, 2010. DDI previously made a $950,000 down payment toward the $1.9 MM Refinery purchase price.
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