CORAL SPRINGS, Florida, September 30, 2015 /PRNewswire/ —
Alternative fuels production offers huge opportunities with diversification ranging from waste-to gas, coal-to-ethanol and natural/industrial gas innovations for the Chemical Production & Diversified Integrated Oil & Gas sector. Basic Material Companies in focus today are: MagneGas® Corporation (NASDAQ: MNGA), Praxair, Inc. (NYSE: PX), Resolute Energy Corporation (NYSE: REN), Air Products & Chemicals Inc. (NYSE: APD) and Halliburton Company (NYSE: HAL)
MagneGas® Corporation (NASDAQ: MNGA) Signs New Agreement with AWISCO of New York to Supply MagneGas2® Fuel to FDNY, and Multiple Utility Companies. MNGA, a leading technology company that counts among its inventions a patented process that converts liquid waste into MagneGas® fuel, announced today that the Company has signed a new gas distribution agreement with AWISCO Corp. of New York (“AWISCO”).
Read the full MNGA Press Release at: http://www.financialnewsmedia.com/profiles/mnga.html
Under the terms of the agreement, AWISCO will be the exclusive supplier of MagneGas2® fuel in certain areas of New York, Connecticut and New Jersey. As part of the agreement, AWISCO will be supplying the Fire Department of New York, and several major electric Utility Companies with MagneGas2® fuel. The Company had a previous relationship with AWISCO which has now been renewed and expanded to include new locations and MagneGas2® fuel. “We have worked with MagneGas2 extensively during recent demonstrations at utility companies and other industrial customers. I am thrilled at the opportunity of representing this incredible product in our region. The feedback that we have received has been unanimously positive and we look forward to becoming the leading supplier of MagneGas2 in our region,” commented AWISCO President Lloyd Robinson.
In other chemical/natural – industrial gases developments: Praxair, Inc. (NYSE: PX), a global leader in the production and supply of helium and other industrial gases, announced that it has signed a long-term agreement with Castleton Commodities International (CCI) for the refining and purchase of helium. CCI, a leader in gas processing in the Four Corners region of the U.S., owns and operates a gas processing facility and helium refinery in Utah. Praxair has been actively developing helium-rich natural gas fields in the region, including helium associated with a recently announced purchase agreement with Nacogdoches Oil & Gas. With Praxair’s additional feedstock, CCI will restart its idled refinery, which can produce up to 150 million cubic feet per year of liquid helium.
Resolute Energy Corporation (NYSE: REN) recently announced that it has commenced a limited marketing process for its Gardendale property in Midland and Ector counties, Texas in the Permian Basin. The Company will assess market feedback and potential valuation, among other factors, in determining whether or not to pursue a sale of some or all of its interest in the property. The Company has engaged Petrie Partners, LLC and BMO Capital Markets as financial advisors in connection with this transaction.
Air Products (NYSE: APD) will feature its advanced copper barrier slurries for the electronics industry at the International Conference on Planarization Technology (ICPT), being held at the Wild Pass Horse Hotel & Casino in Chandler, Ariz., from Today, September 30-October 2. As part of the conference’s Technical Sessions, Air Products will present a paper titled “Attributes of an Advanced Node Copper Barrier Slurry” on today at 9:35 a.m.in the Ironwood Room. The work highlights a new barrier slurry formulation that significantly boosts overall removal rates through the use of chemical additives combined with an optimized abrasive, resulting in increased removal rates and reduced defects compared to current commercial offerings.
Halliburton Company (NYSE: HAL) and Baker Hughes Incorporated (NYSE: BHI) recently announced that the companies will market for sale additional businesses in connection with Halliburton’s pending acquisition of Baker Hughes. Pursuant to the Merger Agreement, and in order to permit completion of Halliburton’s acquisition of Baker Hughes, the following additional businesses are intended to be divested: Halliburton’s expandable liner hangers business, which is part of the company’s Completion & Production Division; Baker Hughes’ core completions business, which includes: packers, flow control tools, subsurface safety systems, intelligent well systems, permanent monitoring, sand control tools and sand control screens; the Baker Hughes sand control business in the Gulf of Mexico, including two pressure pumping vessels; and Baker Hughes’ offshore cementing businesses in Australia, Brazil, the Gulf of Mexico, Norway, and the United Kingdom.
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