From 325e8e7e67bdba5aee0c95647bf69976e304374a Mon Sep 17 00:00:00 2001 From: dominiquemoir9 Date: Sun, 12 Jan 2025 18:57:41 +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..eb2fc24 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
Pioneering [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) manufacturer Argent Energy sold
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23 July 2013
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Argent Energy, a leader of large-scale business production of biodiesel in the UK, has been purchased by a [green investment](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) firm.
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Argent, based near Motherwell, was sold to a [subsidiary](https://www.google.com/search?kgmid=/m/0cqd_rb) of London-based John Swire & Sons for an [undisclosed](https://stocktwits.com/symbol/MNEL) sum.
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Argent makes fuel by [recycling wastes](https://forest500.org/rankings/companies/mission-newenergy-limited) and residues such as [utilized cooking](https://www.pinterest.com.au/missionnewenergy/) oil and tallow from the [meat industry](https://stocktwits.com/symbol/MNEL).
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The firm will remain in [personal ownership](https://www.crunchbase.com/organization/mission-newenergy) and will [continue](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to run [separately](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).
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Its senior management, [including chairman](https://www.pinterest.com.au/missionnewenergy/) Andy Hunter, handling director Jim Walker and [monetary director](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) Jim Boyd are to remain with the company.
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Souter Investments, the personal financial investment business of transport magnate [Sir Brian](https://www.pinterest.com.au/missionnewenergy/) Souter, [confirmed](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) it had actually sold its 37% stake in Argent.
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'Future capacity'
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Mr Walker stated the investment by John Swire [underlined Argent's](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) strong market position, including there was now an [opportunity](https://www.crunchbase.com/organization/mission-newenergy) "to take Argent's abilities more afield".
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[Barnaby](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Swire, of John Swire, stated his [company](https://pitchbook.com/profiles/company/51278-86) was [committed](https://www.businessnews.com.au/Company/Mission-NewEnergy) to "exploring and investing in ingenious and practical green industries".
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He included: "We are happy to be getting Argent Energy, a company which our company believe can grow and flourish not just within the UK however also overseas, in specific in Asian markets with which Swire Group companies recognize.
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"[John Swire](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) & Sons Ltd sees in Argent Energy's staff members a mix of [qualities](https://www.pinterest.com.au/missionnewenergy/) and worths that work with our own, and anticipate dealing with them to increase Argent Energy's future capacity."
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Argent was developed in 2001. In 2009 it was purchased by a consortium that included senior management in addition to Souter Investments.
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Its plant at Newarthill, near Motherwell, has the capability to produce approximately 50 million litres of biodiesel 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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