APRIL 2012

OneSteel to begin using MagneGas for metal working

MagneGas Corporation, a developer of a technology that converts liquid waste into a hydrogen-based metal working fuel and natural gas alternative, said that new customer OneSteel Ltd. has issued its first order for MagneGas fuel to be used at one of its 12 steel recycling centers in the U.S. MagneGas will be used as a cost effective replacement for acetylene and propane in OneSteel Ltd.’s recycling operation.

OneSteel Ltd. uses large quantities of acetylene and propane in its steel recycling operations worldwide. The company intends to start switching its six Florida locations from acetylene and propane to MagneGas, beginning with the first location in Tampa, Florida. A timetable for the rollout of MagneGas to OneSteel’s U.S. locations outside of Florida is currently under negotiation.