MagneGas expands in West Africa with Masada Waste ManagementStaff writer ▼ | December 17, 2015
MagneGas Corporation announced this week a strategic collaboration aimed to expand MagneGas' technology in West Africa.
Sanitation The MagneGas MOU includes a payment of $550,000
The MOU includes a payment of $550,000, 5% gross royalty payments and subsequent equipment imports under a two phase approach to expansion plans.
MagneGas has been focusing on expansion in Africa to better assist in the overall development and sustainability of communities in the area.
Through this collaboration, MagneGas will work with Masada to try to provide a sustainable solution to the nation's sanitation, waste management, health and safety challenges by quickly and efficiently introducing their patented alternative energy technology throughout the nation.
MagneGas originally became involved in the project in response to the EBOLA outbreak in the area and the multiple funding sources that came available for sanitation technologies. ■