From afa602b7387e4110a8cba99d0a7d9b41d61a8439 Mon Sep 17 00:00:00 2001 From: Brigette Elsberry Date: Sun, 12 Jan 2025 07:10:40 +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..f4488e5 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
Pioneering [biodiesel](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) [producer Argent](https://www.zoominfo.com/c/mission-newenergy/346542889) Energy sold
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23 July 2013
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Argent Energy, a pioneer of massive business production of in the UK, has actually been bought by a [green investment](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) firm.
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Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://stocktwits.com/symbol/MNEL) Swire & Sons for an [undisclosed](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) amount.
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Argent makes green roadway fuel by recycling wastes and [residues](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) such as [utilized](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) cooking oil and tallow from the meat market.
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The firm will remain in [private ownership](https://pitchbook.com/profiles/company/51278-86) and will [continue](https://www.crunchbase.com/organization/mission-newenergy) to run [independently](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).
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Its senior management, [including chairman](https://www.businessnews.com.au/Company/Mission-NewEnergy) Andy Hunter, [managing director](https://www.google.com/search?kgmid=/m/0cqd_rb) Jim Walker and monetary director Jim Boyd are to stay with the company.
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Souter Investments, the personal financial investment company of [transportation magnate](https://www.businessnews.com.au/Company/Mission-NewEnergy) Sir Brian Souter, validated it had [offered](https://www.bloomberg.com/profile/company/MNELF:US) its 37% stake in Argent.
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'Future capacity'
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Mr Walker said the [financial investment](https://www.zoominfo.com/c/mission-newenergy/346542889) by John Swire highlighted [Argent's](https://www.crunchbase.com/organization/mission-newenergy) [strong market](https://www.crunchbase.com/organization/mission-newenergy) position, adding there was now a chance "to take Argent's skills further afield".
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Barnaby Swire, of John Swire, stated his [company](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) was dedicated to "exploring and purchasing innovative and feasible green industries".
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He added: "We are pleased to be obtaining Argent Energy, a business which we think can grow and flourish not only within the UK but also overseas, in specific in Asian markets with which Swire Group companies recognize.
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"[John Swire](https://www.bloomberg.com/profile/company/MNELF:US) & Sons Ltd sees in Argent Energy's workers a mix of qualities and worths that are compatible with our own, and [anticipate dealing](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) 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 capacity to produce approximately 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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