From 1ccc84580aed7620f01f34aecbe6404d03626369 Mon Sep 17 00:00:00 2001 From: margarettesell Date: Sat, 18 Jan 2025 09:30:59 +0800 Subject: [PATCH] Add Pioneering Biodiesel Producer Argent Energy Sold --- ...g-Biodiesel-Producer-Argent-Energy-Sold.md | 19 +++++++++++++++++++ 1 file changed, 19 insertions(+) create mode 100644 Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md diff --git a/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md new file mode 100644 index 0000000..6618d0e --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
[Pioneering biodiesel](https://www.bloomberg.com/profile/company/MNELF:US) producer Argent Energy offered
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23 July 2013
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Argent Energy, a pioneer of massive commercial [production](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has actually been purchased by a [green investment](https://www.crunchbase.com/organization/mission-newenergy) [business](https://www.bloomberg.com/profile/company/MNELF:US).
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Argent, based near Motherwell, was [offered](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to a subsidiary of London-based John Swire & Sons for a [concealed](https://www.google.com/search?kgmid=/m/0cqd_rb) sum.
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Argent makes green roadway fuel by recycling wastes and [residues](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) such as used [cooking oil](https://www.businessnews.com.au/Company/Mission-NewEnergy) and tallow from the meat market.
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The company will stay in private ownership and will continue to run individually.
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Its senior management, [consisting](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of chairman Andy Hunter, managing [director Jim](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Walker and [financial director](https://pitchbook.com/profiles/company/51278-86) [Jim Boyd](https://www.google.com/search?kgmid=/m/0cqd_rb) are to stay with the company.
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Souter Investments, the [personal investment](https://www.crunchbase.com/organization/mission-newenergy) business of transportation magnate Sir Brian Souter, [confirmed](https://forest500.org/rankings/companies/mission-newenergy-limited) it had its 37% stake in Argent.
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'Future potential'
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Mr Walker said the investment by [John Swire](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [underlined Argent's](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) strong market position, adding there was now a chance "to take Argent's skills additional afield".
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Barnaby Swire, of John Swire, said his business was dedicated to "exploring and investing in innovative and practical green industries".
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He added: "We are happy to be acquiring Argent Energy, a business which our company believe can grow and succeed not only within the UK but likewise overseas, in particular in Asian markets with which Swire Group business are familiar.
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"[John Swire](https://pitchbook.com/profiles/company/51278-86) & Sons Ltd sees in Argent Energy's workers a mix of [characteristics](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and worths that are compatible with our own, and anticipate working with them to increase Argent [Energy's future](https://www.crunchbase.com/organization/mission-newenergy) potential."
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Argent was developed in 2001. In 2009 it was purchased by a consortium which included senior management in addition to Souter Investments.
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Its plant at Newarthill, near Motherwell, has the capability to produce up to 50 million litres of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) a year.
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Cooking oil to run buses in trial
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4 November 2011
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Argent Energy
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Souter Investments
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