Taronis Fuels, Inc. to Expand MagneGas Production Capabilities
January 25, 2021 at 09:00 am EST
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Taronis Fuels, Inc. announced that the Company has commenced the construction of a mobile 100 KW Venturi plasma arc gasification unit. The Company intends to primarily utilize components already on hand and should be able to complete the unit construction process within three months with a limited capital investment. The new unit will be initially deployed in the Phoenix, AZ market to support the Company’s newest MagneGas Welding Supply industrial gas retail location. The Company soft-launched its retail industrial gas product marketing efforts in the fourth quarter of 2020, and has already secured a consistent portfolio of clients in the Phoenix market. The Company’s retail location in Peoria is expected to host a grand opening in early February. The mobile 100 KW Venturi plasma arc gasification unit will initially be deployed to serve the Arizona and California markets until COVID-19 travel restrictions into the European Union ease. The Company is in the final stages of permitting for a reconfigured pilot MagneGas production hub in Amsterdam. The Company anticipates being able to launch a low-cost pilot facility in the third quarter based on current forecasts for travel restrictions. As the Company gains additional visibility on the timing of the Amsterdam site launch, the Company will resume construction of a full-scale 300KW gasification unit for deployment into the Arizona market, and a 300KW European Union compatible gasification unit for deployment to a second, more scalable MagneGas production hub, which is expected to be based in the Antwerp-Rotterdam corridor.
Taronis Fuels, Inc. is a renewable fuel and power generation company. The Company manufactures and distributes industrial, medical, specialty and beverage gases and associated welding and safety supplies through its subsidiary, MagneGas Welding Supply. The Company operates over 15 retail locations and two gas fill plants. The Companyâs gas fill plants create industrial, medical, specialty and beverage gas products that are distributed to its wholesale and retail customers. The Company also supplies its customers with products ranging from bulk quantities of cryogenic gases to individual packaged gas cylinders. The Company has a diversified customer base in both the wholesale and retail markets. The Company has the expertise, assets and sources of supply necessary to service large, bulk cryogenic gas customers as well as small one-man businesses.
TARONIS FUELS, INC. 
