CSX CORPORATION CORAL SPRINGS, Florida, May 6, 2015 /PRNewswire/ --
Safe, effective production of hydrogen biofuels provides a sustainable source of liquid, solid and gaseous fuels which aims to eliminate the use of fossil fuels. Innovative technology & alternative energy companies forge ahead with developing cutting-edge patented technology for producing waste-to-gas, coal-to-ethanol and natural gas solutions for industrial applications ranging from transportation, agricultural operations to utilities and more. Companies in focus today are: MagneGas Corporation (NASDAQ: MNGA), Clean Energy Fuels Corp. (NASDAQ: CLNE), Kosmos Energy (NYSE: KOS), Golar LNG Ltd. (NASDAQ: GLNG) and CSX Corp. (NYSE: CSX).
MagneGas Corporation (NASDAQ: MNGA) announced today that one of the largest transportation companies in the United States will be using MagneGas(R) in its railway division for repairs and construction. MagneGas will initially supply fuel to their California railway division as part of a larger rollout strategy to other locations in the country over the next several months. The new customer's railway division operates nationally, with 32,000 route miles and over 47,000 employees. MagneGas distributor, TriCo Welding Supplies Inc. will be sourcing the fuel through MagneGas partner Placer Power, Inc. both California based.
Read the full MNGA Press Release at http://www.financialnewsmedia.com/profiles/mnga.html
"Placer Power is excited to have the opportunity to be the exclusive supplier of MagneGas(R) for California, Oregon and Nevada," stated Chris Dupont, President of Placer Power Inc. "MagneGas was selected due to the speed of the cut and expected increase of productivity. Railway companies in particular operate under harsh conditions, in challenging climates and the flexibility of MagneGas provides competitive advantages for this market. " Founded in 2007, Tampa-based MagneGas Corporation is a technology Company that counts among its inventions, a patented process that converts liquid waste into hydrogen based fuels. The Company currently sells MagneGas(R) into the metal working market as a replacement to acetylene. It is also selling equipment for the sterilization of bio-contaminated liquid waste for various industrial and agricultural markets. In addition, the Company is developing a variety of ancillary uses for MagneGas(R) fuels utilizing its high flame temperature for co-combustion of hydrocarbon fuels and other advanced applications.
In other energy & transportation news and happenings: NG Advantage LLC - a Clean Energy Fuels Corp company (NASDAQ: CLNE) - announced late last month that it has signed a contract to work with International Paper (IP) to deliver compressed natural gas (CNG) to International Paper's Ticonderoga, N.Y. mill. NG Advantage will deliver CNG to the mill using its Virtual Pipeline which consists of compressor stations located on natural gas pipelines, a fleet of specially designed carbon fiber CNG trailers, and off-loading and monitoring equipment which NG Advantage is installing at the mill. Deliveries will begin in May of 2015.
Kosmos Energy (NYSE: KOS) announced in late April that the Tortue-1 exploration well, drilled to test the Tortue West prospect, which forms part of the Greater Tortue Complex, in Block C-8 offshore Mauritania has made a significant, play-opening gas discovery. Based on the preliminary analysis of drilling results and intermediate logging to a depth of 4,630 meters, Tortue-1 has intersected 107 meters (351 feet) of net hydrocarbon pay. A single gas pool was encountered in the primary Lower Cenomanian objective. The Lower Cenomanian is comprised of three excellent quality multi-Darcy reservoirs totaling 88 meters (288 feet) in thickness over a gross hydrocarbon bearing interval of 160 meters (528 feet). A fourth zone 19 meters (62 feet) thick was penetrated within the secondary Upper Cenomanian target over a gross hydrocarbon bearing interval of 150 meters (492 feet).
Golar LNG (NASDAQ: GLNG) announced that it has commenced discussions with partners Keppel and Black & Veatch aimed at exercising an option, under an existing framework agreement, for the ordering of a third GoFLNG unit similar to the Hilli and the Gimi. The specific objective of these discussions will be to mature the option to deliver a third unit for start-up in 2018 i.e. between the target on-stream dates of 2017 and 2019 for the first two units destined respectively for Cameroon and Equatorial Guinea. This initiative flows from significant interest being stimulated today by Golar's new approach to developing FLNG projects. The company continues to evolve its opportunity funnel and has identified a number of possible leads for deploying facilities similar to Hilli and Gimi, for the commercialisation of high quality, stranded gas accumulations in relatively benign met-ocean conditions. Work continues to mature these leads, although these remain subject to business development uncertainty.
CSX (NYSE: CSX) announced this week the winners of its 21st annual Chemical Safety Excellence Award, recognizing 70 customers for their commitment to the safe transportation of hazardous materials by rail. "Safety is CSX's first priority and the most crucial element of transportation," said Skip Elliott, vice president-public safety, health and environment. "We are proud to work with customers who are equally committed to upholding the highest standards in safety." CSX and its customers work together to ensure that hazardous materials move in the safest equipment and employees are trained on safe loading and handling procedures. The Chemical Safety Excellence Awards are presented to customers across a wide variety of industries who ship more than 600 carloads of hazardous materials during the year without a release due to controllable factors
FinancialNewsMedia.com [http://www.financialnewsmedia.com ] is leading provider of third party publishing & news dissemination services [http://financialnewsmedia.com/products-services.php ].If you would like more information regarding our news coverage solutions, please visit http://www.financialnewsmedia.com for more details.Get an edge on the market with our Premium News Alerts [http://www.financialnewsmedia.com/emailsubmit.php ] that are FREE for a limited time at http://www.financialnewsmedia.com/ [http://www.financialnewsmedia.com/emailsubmit.php ].Follow us on Facebook: http://www.facebook.com/financialnewsmedia and Twitter: http://twitter.com/FNMgroup.
DISCLAIMER: FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNMG is NOT affiliated in any manner with any company mentioned herein. FNMG and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNMG has been compensated two thousand five hundred dollars for news coverage of the current press release issued by MagneGas Corporation by the company. FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.
Contact Information:
Company: FN Media Group, LLC [http://www.financialnewsmedia.com ]
Contact email: editor@financialnewsmedia.com
U.S. Phone: +1(954)345-0611
URL: http://www.financialnewsmedia.comSOURCE FN Media Group, LLC
