Taronis lands in El Salvador

A subsidiary of Florida-based Taronis Technologies has entered into an initial $14 million memorandum of understanding with a Salvadoran partner in an effort to form a new joint venture.

The memorandum is for the exclusive production, marketing and sale of MagneGas, also a subsidiary, through Taronis Fuels, which the company is expected to spin off by September 1, Tampa-Bay Business Journal reports.