MagneGas Holds Preliminary Talks on Agricultural Sterilization Permitting Requirements in North Carolina

MagneGas (MNGA) said pre-market Monday that it has held a preliminary permitting meeting with the North Carolina Department of Environmental Quality (NCDEQ) and the US Army Corps of Engineers in a bid to gain a clear and complete understanding of the various regulatory and permitting requirements needed to begin scaled commercialized sterilization of agricultural waste in the state.

The company said that it expects the permitting process to take 8 to 12 months. It aims to launch the sterilization facility in the second half of next year.

“We have spent months working with various federal, state and local agencies to ultimately secure this meeting and those efforts paid off because we came away with an extremely clear and concise understanding of the permitting process. Equally importantly, we are confident that our technology can complement and even augment the water conservation and environmental initiatives of the NCDEQ,” commented MagneGas CEO Ermanno Santilli.

The company has also met with hog farmers and waste disposal companies across the state to learn more about the costs of dealing with waste issues. “Based on these insights, we built an economic model that we believe can be profitable from very early on in our ramp-up stage. We now believe we can deliver a cost-effective, sustainable, and efficient solution that helps the farmers,” Santilli said.