RENO, Nev., Feb. 10, 2016 /PRNewswire/ -- ClearRefining Technologies, LLC, and Ninth Wing Capital, LLC, today announced its partnership to establish modular near-zero emission refineries in major metropolitan areas around the globe to provide a clean alternative diesel fuel, known as GDiesel®, that meets and exceeds government fuel standards.
PGA Tour Professional Billy Hurley III has also agreed to become the first brand ambassador for GDiesel®. Over 40 million gallons of clean diesel fuel have already been delivered to the Las Vegas and Reno markets, including power generators at a local PGA Tour event there.
GDiesel® is demonstrating tremendous success in lowering vehicle maintenance costs by almost 50 percent; dramatically reducing both regulated and unregulated emissions; and increasing by 12 percent vehicular miles per gallon, according to Peter Gunnerman, Managing Partner of ClearRefining Technologies, the newly-formed parent company of Advanced Refining Concepts, LLC.
"Ninth Wing Capital is excited about growing the GDiesel® brand and introducing ClearRefining Technologies to major cities across the United States and throughout the world. We're pleased to partner with someone who is both a professional athlete and who has been responsible for operating diesel engines aboard a U.S. Navy vessel," said Alex Chehansky, one of three co-founders of the boutique investment bank and merchant bank.
Hurley is wearing the GDiesel® logo at all PGA Tour and Web.com Tour Appearances for 2016. Prior to joining the PGA Tour, Billy had an outstanding amateur career, highlighted by a top finish at the 2003 US Amateur Championship and as a member of the winning 2005 Walker Cup team.
"I am proud to wear the GDiesel® logo as this unique product represents the potential to significantly and immediately improve both our environment and economy," Hurley said.
ABOUT CLEARREFINING TECHNOLOGIES, LLC
ClearRefining Technologies, LLC develops and markets clean fuel and chemical products produced through its patented ClearRefining® Technology. Key to the process is the adaptability of the technology platform to a broad spectrum of liquid petrochemical and chemical products through the unique interaction of methane, biogas or natural gas with the company's proprietary catalysts.
ABOUT NINTH WING CAPITAL, LLC
Ninth Wing Capital, LLC, established in 2015 by three successful entrepreneurs, is a boutique investment bank and merchant bank focused primarily on the Oil and Gas sector with selected clients in the greater energy field, technology and real estate. Co-Founders are Alex Chehansky, most recently Managing Director, CohnReznick Capital Markets; Scott Beckmen, Co-Founder and Co-CEO, Orange Energy Corporation and Founder/CEO, Beckmen Law; and Jeffrey Crook, Co-Founder and Co-CEO, Orange Energy Corporation. Beckmen is a nationwide law firm with years of experience in the Energy Sector, Orange Energy is a nationwide Land Services company founded by professional, experienced landmen and attorneys with experience in most U.S. shale gas plays.
ABOUT BILLY HURLEY III
PGA Tour Member Billy Hurley III is a native of Leesburg, VA and graduate of the United States Naval Academy. While at the academy, he represented the U.S. in the Walker Cup, Palmer Cup and received the Byron Nelson Award. By finishing 25th on the 2011 Web.com Tour Money List, he became the first U.S. Naval Academy graduate to become a PGA Tour member. Following a successful season in 2013 on the Web.com Tour, he returned to compete on the PGA Tour in 2013/2014 season where he advanced to the FedEx Cup Playoffs. Hurley turned professional in 2006 playing a limited number of PGA Tour events on sponsor's exemptions while serving in the U.S. Navy.
SOURCE Ninth Wing Capital, LLC