From 37d9355fc33e5e812fdb48ece201a137d6e65be5 Mon Sep 17 00:00:00 2001 From: Alicia Partin Date: Mon, 13 Jan 2025 06:48:21 +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..3d69741 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
[Pioneering biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) manufacturer Argent Energy offered
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23 July 2013
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Argent Energy, a pioneer of [large-scale business](https://www.zoominfo.com/c/mission-newenergy/346542889) 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 purchased by a [green investment](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [company](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).
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Argent, based near Motherwell, was [offered](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to a [subsidiary](https://www.pinterest.com.au/missionnewenergy/) of [London-based John](https://pitchbook.com/profiles/company/51278-86) Swire & Sons for an undisclosed sum.
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Argent makes green road fuel by recycling wastes and residues such as [utilized cooking](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) oil and tallow from the [meat industry](https://www.pinterest.com.au/missionnewenergy/).
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The firm will stay in [private ownership](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and will continue to run [individually](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053).
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Its senior management, consisting of chairman Andy Hunter, managing Walker and [monetary director](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [Jim Boyd](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) are to stay with the company.
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Souter Investments, the private investment firm of transportation magnate Sir Brian Souter, validated it had sold its 37% stake in Argent.
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['Future](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) capacity'
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Mr Walker said the financial investment by John Swire underlined Argent's strong market position, adding there was now an opportunity "to take Argent's abilities more afield".
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[Barnaby](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Swire, of John Swire, said his business was [dedicated](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to "checking out and buying innovative and practical green markets".
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He added: "We are thrilled to be getting Argent Energy, a company which we think can grow and prosper not just within the UK however likewise overseas, in particular in Asian markets with which Swire Group companies recognize.
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"John Swire & Sons Ltd sees in [Argent Energy's](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) workers a mix of [attributes](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) and values that are compatible with our own, and eagerly anticipate working with them to increase Argent Energy's [future potential](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm)."
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Argent was established 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 capability to produce up to 50 million litres of [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) 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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