From b9724a7da3d4c4593b48711205df2879a096dd8e Mon Sep 17 00:00:00 2001 From: nanbriseno878 Date: Sun, 12 Jan 2025 02:12:23 +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..92cdea1 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
Pioneering [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) producer Argent Energy offered
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23 July 2013
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Argent Energy, a pioneer of large-scale business production of [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) in the UK, has actually been bought by a firm.
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Argent, based near Motherwell, was sold to a [subsidiary](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of [London-based John](https://www.bloomberg.com/profile/company/MNELF:US) Swire & Sons for a [concealed](https://www.bloomberg.com/profile/company/MNELF:US) sum.
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Argent makes [green road](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) fuel by recycling wastes and residues such as utilized cooking oil and tallow from the meat market.
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The firm will remain in personal ownership and will [continue](https://www.pinterest.com.au/missionnewenergy/) to run separately.
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Its senior management, consisting of chairman Andy Hunter, [handling](https://www.businessnews.com.au/Company/Mission-NewEnergy) [director Jim](https://www.google.com/search?kgmid=/m/0cqd_rb) Walker and [financial director](https://www.pinterest.com.au/missionnewenergy/) Jim Boyd are to remain with the business.
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Souter Investments, the [private investment](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) firm of [transport magnate](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [Sir Brian](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Souter, [confirmed](https://www.pinterest.com.au/missionnewenergy/) it had sold its 37% stake in Argent.
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['Future](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) potential'
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Mr Walker said the investment by John Swire underlined Argent's strong market position, adding there was now an [opportunity](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) "to take Argent's abilities additional afield".
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Barnaby Swire, of John Swire, stated his company was [dedicated](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to "exploring and purchasing innovative and viable green markets".
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He included: "We are pleased to be acquiring Argent Energy, a business which our company believe can grow and prosper not only within the UK however also overseas, in specific in Asian markets with which Swire Group business recognize.
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"[John Swire](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) & Sons Ltd sees in Argent Energy's [employees](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) a mix of qualities and worths that work with our own, and [eagerly anticipate](https://pitchbook.com/profiles/company/51278-86) working with them to maximise Argent Energy's future capacity."
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Argent was established in 2001. In 2009 it was purchased by a consortium which included senior management along with Souter Investments.
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Its plant at Newarthill, near Motherwell, has the capacity to produce up to 50 million litres of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) 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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