Tampa-based MagneGas Corp. — a producer of metal-cutting fuel and natural-gas alternative — entered into a memorandum of understanding from American Investment Co. to supply its Plasma Arc Flow^™ refinery technology, to serve customers in The Philippines and Vietnam markets.

The order is reported to be worth $1.2 million.

The MagneGas product is produced from liquid waste, e.g., sewage, sludge, manure and certain industrial and oil based liquid wastes. The company's patented Plasma Arc Flow^™ process gasifies liquid waste to form “a clean burning fuel that is essentially interchangeable with natural gas, but with lower green house gas emissions,” according to the company.

In addition to metal cutting, the gas can be used for cooking, heating or powering bi fuel automobiles.

“We are extremely pleased with the prospect of expanding our business to the Philippines and Vietnam,” stated MagneGas president Richard Connelly. “We are moving from platform development to tangible commercial progress. We have leaps yet to make, but with this purchase order we have graduated from the pre-revenue class to a growing alternative fuels influencer.”

As part of the purchase of the refinery, American will be the exclusive distributor for the MagneGas^™ technology for the Philippines and Vietnam markets.

“We are thrilled to be the exclusive distributors for this market, as we see a tremendous need for clean water and fuel in the Philippines and Vietnam. We will provide badly needed fuel for metal cutting and cooking, while cleaning the rivers and providing nutrient-rich irrigation water, a commodity currently in very short supply,” stated American president Calvin Suva and co-founder Danilo Suva.