From fc31e127741ee50f8a9aeabf0cea9a40f4165a52 Mon Sep 17 00:00:00 2001 From: Rosalinda Costas Date: Sun, 12 Jan 2025 05:02:16 +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..a914abb --- /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.zoominfo.com/c/mission-newenergy/346542889) Energy sold
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23 July 2013
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Argent Energy, a leader of [massive business](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) production of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) in the UK, has actually been bought by a green investment [company](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).
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Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://forest500.org/rankings/companies/mission-newenergy-limited) Swire & Sons for an [undisclosed](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) amount.
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Argent makes [green road](https://www.pinterest.com.au/missionnewenergy/) fuel by recycling wastes and residues such as used and tallow from the meat industry.
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The [company](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) will stay in [private ownership](https://www.pinterest.com.au/missionnewenergy/) and will continue to run [separately](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).
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Its senior management, consisting of chairman Andy Hunter, handling [director Jim](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Walker and [financial director](https://www.zoominfo.com/c/mission-newenergy/346542889) [Jim Boyd](https://pitchbook.com/profiles/company/51278-86) are to stay with the [business](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).
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Souter Investments, the personal financial investment [company](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) of transportation tycoon Sir Brian Souter, verified 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](https://www.zoominfo.com/c/mission-newenergy/346542889) [underlined Argent's](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [strong market](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) position, adding there was now a chance "to take Argent's abilities more afield".
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[Barnaby](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Swire, of John Swire, said his company was devoted to "checking out and investing in innovative and viable green industries".
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He added: "We are delighted to be getting 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 business recognize.
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"John Swire & Sons Ltd sees in Argent Energy's workers a mix of attributes and worths that work with our own, and eagerly anticipate working with them to increase Argent Energy's future potential."
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Argent was developed in 2001. In 2009 it was bought by a consortium which consisted of senior management in addition to 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://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) 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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