MagneGas Corporation, this week revealed that it has entered into a strategic partnership with the aim of expanding its technology in West Africa.
Indeed, this technology company that counts amongst its discoveries an original process that transforms liquid waste into MagneGas® fuel, has entered into a Memorandum of Understanding (MoU) with Sierra Leone based, Masada Waste Management Company, to import fuel and equipment.
The MOU contains a payment of $550,000, 5% gross royalty payments and succeeding equipment imports under a two phase approach. The first phases includes the importation of MagneGas fuel to launch the market and back public funding ideas. The second phase is the implementation of several MagneGas gasification systems in the country to produce fuel locally. It is also Masada’s responsibility to identify and assign local distribution partners to assist in providing the market with MagneGas fuel for different long-term uses.
Through this partnership, MagneGas is to work alongside Masada in providing a long lasting solution to sanitation, management of waste, health and safety challenges by introducing the original substitute energy technology across Sierra Leone.
According to the company, subsequent to several meetings and site visits with important officials, Masada is at present making efforts to evaluate and implement MagneGas® in the industrial as a sustainable natural gas substitute to the current fuels being used in the country.
"MagneGas has presented Sierra Leone with the opportunity to create many needed jobs while also addressing waste management, resource preservation and a source of fuel. We are very excited to take advantage of this opportunity and work with MagneGas to implement their much needed technology while making as big of an impact as we can for our community”, Gibril Wilson, Masada primary owner and CEO told PR News.