Update (4:55 p.m.): Updated with Friday market close information.

NEW YORK (TheStreet) --MagneGas Corporation (MNGA) continued its surge from Thursday after the company, which converts liquid waste into hydrogen-based fuel, announced it had received contracts for four demolition projects throughexisting distributors Blue Water Industrial of Michigan and AWISCO Corp of New York.

MagneGas will provide its fuel for torch cutting in the four projects, which include the demolition of a power plant in New York, a bridge in Washington, D.C. bridge and two automobile manufacturing facilities in Ohio and Michigan.

"We are very pleased to be the preferred fuel for cutting on these demolition jobs," said MagneGas Executive Vice President of Sales Terry Vernille in a statement. "With the help of two major distributors, Blue Water Industrial and AWISCO Corp, we have the capability of providing our fuel for these key projects. As word continues spreading in the demolition industry about our superior cutting fuel we expect an increased demand around the country."

MNGA data by YCharts

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MagneGas (MNGA) Continues Surge After Demolition Project Announcement (Update)

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KNOXVILLE (WATE) - A demolition permit has been approved for Downtown Knoxville's Pryor Brown garage.

The garage, more than 80 years old, had been a mixed use building, with retail shops on its bottom floor. It had originally been the site of a livery stable owned by Pryor Brown.

The owners of the garage, Royal Properties Inc., applied for a rezoning request last year to demolish that building and create surface parking until they could develop the site.

The permit was denied at that time by the Metropolitan Planning Commission. A lawsuit was filed over that decision.

The building's owners say the building is in poor condition and is unsalvageable.

The city says with the permit approved and no legal reason to deny it, the garage could come down at any time.

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Demolition permit approved for contested downtown Knoxville parking garage

Demolition on buildings in the area of Mount Rose Avenue and Haines Road/Camp Betty Washington Road began on Thursday in preparation for the reconfiguring of the Mount Rose Avenue I-83 northbound exit and entrance ramps. The Yowza Spring Water building and the Denny's restaurant, pictured here, were among the first of several buildings to be razed in preparation for the project. (Jason Plotkin Daily Record/Sunday News)

The Yowza Spring Water site on Mt. Rose Avenue, a former gas station, is a pile of rubble.

The Denny's restaurant on Haines Road, right before it becomes Camp Betty Washington Road, is a couple of walls away from being in the same condition.

Both buildings came down in preparation for PennDOT's Interstate 83/Mount Rose Avenue interchange project. Several other buildings which housed the Budget Host Inn, Par-Tee Mini Golf, Mexitaly, Pacific Pride commercial fueling and Nello Tire's warehouse also are slated for demolition.

"All of that is leading up to construction," said Mike Crochunis, PennDOT District 8 press officer, Friday.

Crochunis said after the properties are cleared, construction on the new highway exchange will be put up for bid on Jan. 15, 2015.

Crochunis said the demolition is taking place well before construction "for safety purposes."

He said PennDOT does not want the buildings to become structurally unsafe in the interim or subject to vandalism or inhabited by homeless squatters.

Crochunis said a sewer in the area also will need to be addressed before construction.

The revamped interchange and widening of Mount Rose Avenue is to alleviate ever-worsening traffic congestion in that area.

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Demolition begins around I-83 Mount Rose Avenue exit

By Dan Clark dclark@21st-centurymedia.com

Bice stated Einstein Medical Center has teamed up with Elon Group of Fort Washington to take care of asbestos and eventually demolish what used to be the Montgomery Hospital. Elon will then be putting in 100 senior housing units in its place sometime down the road.

Norristown Pastor John West, who also sits on the board of the planning commission, stated that he and others around him are concerned with the environmental impact of demolishing the building.

The community where Im at is very much concerned about the sale and about the demolition and about the process of the demolition. I believe there was a hearing and there were a number of people who spoke out against the approach being used for the demolition. There is (sic) also some concerns about trauma to the soil, West said.

Bice stated he didnt have to be worried about the demolition process.

I was at the first public meeting when I heard them say no explosives would be involved, and I did hear there is a second public meeting scheduled just for the residents of that area, she said.

West explained there are also a number of concerns that the developer buying the land doesnt have the funds to build the 100 senior living apartments and Norristown will just end up with a vacant lot.

Bice said Einstein and the Elon Group have an agreement of sale in place, but no monetary action has taken place and the agreement of sale is not contingent on finding funding.

The transactional issues are not issues the planning commission weighs in on. The transaction issues are things Norristown needs to figure out. The planning commission would deal with the zoning issues that will come when Elon begins to develop the land.

Bice announced the work being done from Markley Street to Elm Street is expected to be completed by 2016. Continued...

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County planning commission disscusses Montgomery Hospital, Norristown projects

MW3: Fast Demolition MOAB on Lockdown
2:30 minute MOAB in demolition.

By: mw3crushers

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MW3: Fast Demolition MOAB on Lockdown - Video

Island Station demolition
The 280-foot-tall chimney stack and the Island Station coal power plant below toppled in a wisp of smoke Sunday morning.

By: PioneerPress

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Island Station demolition - Video

Island Station power plant demolition

By: CarpeDiemMonAmi

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Island Station power plant demolition - Video

Demolition Medicine Ball Workout - HASfit Medcine Ball Workouts - Medcine Ball Exercises
Try this Demolition medicine ball workout at home or in the gym. HASfit #39;s medicine ball workouts are great for both men and women. Visit http://hasfit.com fo...

By: HASfit

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Demolition Medicine Ball Workout - HASfit Medcine Ball Workouts - Medcine Ball Exercises - Video

Caterpillar 219 LC @ Demolition Site / Abbruch Stuttgart, Germany, 12.05.1995.
Caterpillar 219 LC @ Demolition Site after big fire/ Abbruch Stuttgart nach Grobrand, Germany, 1994. http://www.youtube.com/watch?v=LQLttvhBMX4 Meine Baumas...

By: Benjamin Beytekin

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Caterpillar 219 LC @ Demolition Site / Abbruch Stuttgart, Germany, 12.05.1995. - Video

Demolition Man - What #39;s the Damage?
Demolition Man. In addition to having one of the most notoriously in-your-face product placements, the movie also contains a lot of damage. We decided to tal...

By: CinemaSins

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Demolition Man - What's the Damage? - Video