From 6d7f71b6875a338de4f725c9dc58381c44d1aa79 Mon Sep 17 00:00:00 2001 From: sabinahammer15 Date: Sat, 18 Jan 2025 10:31:14 +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..19e8c19 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
Pioneering [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [producer 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 pioneer of massive commercial production of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has been bought by a [green investment](https://www.businessnews.com.au/Company/Mission-NewEnergy) [business](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).
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Argent, based near Motherwell, was [offered](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to a subsidiary of London-based John Swire & Sons for an undisclosed amount.
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Argent makes green roadway fuel by recycling wastes and residues such as used cooking oil and tallow from the meat industry.
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The company will remain in personal ownership and will continue to run individually.
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Its senior management, [consisting](https://www.crunchbase.com/organization/mission-newenergy) of [chairman Andy](https://www.pinterest.com.au/missionnewenergy/) Hunter, handling director Jim Walker and [financial director](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Jim Boyd are to remain with the [business](https://www.zoominfo.com/c/mission-newenergy/346542889).
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Souter Investments, the personal investment [company](https://www.bloomberg.com/profile/company/MNELF:US) of [transport](https://pitchbook.com/profiles/company/51278-86) [magnate Sir](https://www.pinterest.com.au/missionnewenergy/) Brian Souter, confirmed it had actually offered its 37% stake in Argent.
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['Future](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) capacity'
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Mr Walker said the financial investment by John Swire [underlined Argent's](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) position, adding there was now a chance "to take Argent's skills further afield".
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Barnaby Swire, of John Swire, said his company was [committed](https://www.businessnews.com.au/Company/Mission-NewEnergy) to "exploring and investing in innovative and practical green industries".
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He included: "We are thrilled to be acquiring Argent Energy, a business which we think can grow and succeed not only within the UK however likewise overseas, in particular in Asian markets with which Swire Group companies are familiar.
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"[John Swire](https://www.pinterest.com.au/missionnewenergy/) & Sons Ltd sees in [Argent Energy's](https://www.google.com/search?kgmid=/m/0cqd_rb) staff members a mix of [qualities](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and values that work with our own, and [eagerly anticipate](https://stocktwits.com/symbol/MNEL) dealing 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 in addition to Souter Investments.
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Its plant at Newarthill, near Motherwell, has the capacity to produce approximately 50 million litres of [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) 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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