MagneGas to apply for advanced biofuels grant to produce multi-fuel gasification system

TAMPA, Florida — MagneGas Corporation, a clean technology company in the renewable resources and environmental solutions industries, announced that the Company is applying for an grant to produce a multi-fuel gasification system, which is small, efficient and cost effective.

The grant is supported by the Small Business Innovation Research Program, National Institute of Food & Agriculture and is led by the United States Department of Agriculture, which recently awarded MagneGas its first grant. The stated purpose of the grant is to develop a new type of gasification system which follows the principles of clean coal technology, by transforming low efficiency fuels such as coal or wood, and gasifying it into a syngas.

"Our first federal grant from the USDA opened the door to a variety of additional grants associated with small gasification systems utilizing off the shelf components. This latest application relates to our fourth-generation design, which is under development, to gasify a variety of solid and liquid fuels," commented MagneGas CEO Ermanno Santilli. "Typical gasification systems are quite large, costing upwards of hundreds of millions of dollars and are not multi-fuel capable. We believe our fourth-generation gasification systems are ideally suited to more efficiently gasify a variety of materials such as wood, plastics and liquids. Using the knowledge we gained from our years of experience in small gasification systems, I am confident that we can leverage this expertise to develop even more flexible gasification technologies that can process a myriad of solid and liquid fuels into a syngas with a wide range of applications."

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