commit 755fb156591fdfc0c7a3165e401435f11d0a9022 Author: gretadethridge Date: Sat Jan 11 22:08:30 2025 +0800 Add Pioneering Biodiesel Producer Argent Energy Sold diff --git a/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md new file mode 100644 index 0000000..f3e4b37 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
[Pioneering](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [manufacturer Argent](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Energy sold
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23 July 2013
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Argent Energy, a leader of [large-scale commercial](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [production](https://www.zoominfo.com/c/mission-newenergy/346542889) of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) in the UK, has been bought by a [green investment](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) firm.
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Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://www.crunchbase.com/organization/mission-newenergy) Swire & Sons for an undisclosed amount.
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Argent makes green road fuel by [recycling wastes](https://stocktwits.com/symbol/MNEL) and residues such as [utilized cooking](https://www.businessnews.com.au/Company/Mission-NewEnergy) oil and tallow from the meat industry.
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The [company](https://www.google.com/search?kgmid=/m/0cqd_rb) will stay in personal ownership and will continue to run separately.
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Its senior management, consisting of chairman Andy Hunter, managing director Jim Walker and monetary director [Jim Boyd](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) are to stay with the company.
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Souter Investments, the [personal investment](https://pitchbook.com/profiles/company/51278-86) firm of [transportation tycoon](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Sir Brian Souter, confirmed it had actually [offered](https://forest500.org/rankings/companies/mission-newenergy-limited) 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 financial investment by John Swire underlined [Argent's strong](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) market position, adding there was now a chance "to take Argent's abilities further afield".
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Barnaby Swire, of John Swire, said his [company](https://www.google.com/search?kgmid=/m/0cqd_rb) was dedicated to "exploring and investing in ingenious and practical green industries".
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He added: "We are delighted to be obtaining Argent Energy, a company which we think can grow and succeed not just within the UK however likewise overseas, in specific in Asian markets with which Swire Group companies recognize.
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"[John Swire](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) & Sons Ltd sees in Argent Energy's employees a mix of and worths that are suitable with our own, and anticipate working with them to maximise Argent [Energy's future](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) capacity."
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Argent was developed in 2001. In 2009 it was purchased by a consortium which included senior management together with Souter Investments.
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Its plant at Newarthill, near Motherwell, has the capability to produce as much as 50 million litres of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) 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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