From bd395d2cb99f1481023930063765e22615328d34 Mon Sep 17 00:00:00 2001 From: Magdalena Boucher Date: Sun, 12 Jan 2025 12:26:49 +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..91d46a6 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
[Pioneering biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [manufacturer Argent](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) Energy offered
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23 July 2013
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Argent Energy, a leader of massive business production of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) in the UK, has been bought by a green investment firm.
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Argent, based near Motherwell, was offered to a [subsidiary](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of [London-based John](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Swire & Sons for a concealed sum.
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Argent makes green roadway fuel by [recycling wastes](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and such as utilized cooking oil and tallow from the meat market.
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The [company](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) will remain in [private ownership](https://forest500.org/rankings/companies/mission-newenergy-limited) and will continue to run [independently](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).
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Its senior management, [consisting](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of chairman Andy Hunter, handling director Jim Walker and [financial director](https://stocktwits.com/symbol/MNEL) [Jim Boyd](https://www.businessnews.com.au/Company/Mission-NewEnergy) are to remain with the [company](https://www.businessnews.com.au/Company/Mission-NewEnergy).
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Souter Investments, the [private investment](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) firm of transport magnate Sir Brian Souter, [verified](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) it had sold its 37% stake in Argent.
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'Future capacity'
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Mr Walker said the financial investment by John Swire underlined [Argent's strong](https://www.google.com/search?kgmid=/m/0cqd_rb) market position, adding there was now a chance "to take Argent's abilities further afield".
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Barnaby Swire, of John Swire, stated his [business](https://stocktwits.com/symbol/MNEL) was committed to "exploring and investing in ingenious and viable green markets".
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He added: "We are pleased to be acquiring Argent Energy, a business which our company believe can grow and succeed not only within the UK but also overseas, in specific in Asian markets with which Swire Group business recognize.
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"John Swire & Sons Ltd sees in [Argent Energy's](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [workers](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) a mix of [characteristics](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and worths that work with our own, and eagerly anticipate working with them to maximise Argent Energy's future potential."
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Argent was developed in 2001. In 2009 it was bought by a consortium that included senior management along with 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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