From b413ba92c43c44349e30641f265cc30eff92ba9f Mon Sep 17 00:00:00 2001 From: Fran Eskridge Date: Sun, 12 Jan 2025 16:10:39 +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..bbc942f --- /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.businessnews.com.au/Company/Mission-NewEnergy) Energy offered
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23 July 2013
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Argent Energy, a leader of [large-scale industrial](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [production](https://www.crunchbase.com/organization/mission-newenergy) of [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) in the UK, has been bought by a [green investment](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [business](https://stocktwits.com/symbol/MNEL).
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Argent, based near Motherwell, was sold to a subsidiary of [London-based John](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) Swire & Sons for a concealed amount.
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Argent makes [green roadway](https://www.crunchbase.com/organization/mission-newenergy) fuel by recycling wastes and residues such as used cooking oil and tallow from the meat industry.
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The firm will remain in personal ownership and will continue to run individually.
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Its senior management, including chairman Andy Hunter, handling director Jim Walker and financial [director Jim](https://www.pinterest.com.au/missionnewenergy/) Boyd are to remain with the business.
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Souter Investments, the private financial investment company of [transportation tycoon](https://forest500.org/rankings/companies/mission-newenergy-limited) Sir Brian Souter, [verified](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) it had offered its 37% stake in Argent.
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'Future capacity'
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Mr Walker stated the [investment](https://stocktwits.com/symbol/MNEL) by John [Swire underlined](https://www.zoominfo.com/c/mission-newenergy/346542889) [Argent's](https://www.pinterest.com.au/missionnewenergy/) position, adding there was now a chance "to take Argent's skills more afield".
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[Barnaby](https://www.bloomberg.com/profile/company/MNELF:US) Swire, of John Swire, said his [business](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) was dedicated to "exploring and purchasing innovative and feasible green markets".
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He added: "We are happy to be acquiring Argent Energy, a company which we believe can grow and flourish not only within the UK but likewise overseas, in particular in Asian markets with which Swire Group business recognize.
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"[John Swire](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) & Sons Ltd sees in [Argent Energy's](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) staff members a mix of qualities and worths that are compatible with our own, and eagerly anticipate dealing with them to increase Argent [Energy's future](https://www.zoominfo.com/c/mission-newenergy/346542889) potential."
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Argent was developed in 2001. In 2009 it was bought by a consortium that included senior management in addition to Souter Investments.
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Its plant at Newarthill, near Motherwell, has the capacity to produce as much as 50 million litres of [biodiesel](https://www.pinterest.com.au/missionnewenergy/) 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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