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Add Pioneering Biodiesel Producer Argent Energy Sold

Victor Blewett 2025-01-12 13:11:33 +08:00
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Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md Normal file

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<br>[Pioneering](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [manufacturer](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) [Argent Energy](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) sold<br>
<br>23 July 2013<br>
<br>Argent Energy, a leader of [large-scale industrial](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) production of [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) in the UK, has actually been purchased by a green investment [business](https://pitchbook.com/profiles/company/51278-86).<br>
<br>Argent, based near Motherwell, was [offered](https://www.businessnews.com.au/Company/Mission-NewEnergy) to a [subsidiary](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of London-based John Swire & Sons for a concealed amount.<br>
<br>Argent makes [green roadway](https://www.businessnews.com.au/Company/Mission-NewEnergy) fuel by recycling wastes and residues such as [utilized cooking](https://pitchbook.com/profiles/company/51278-86) oil and tallow from the [meat market](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
<br>The firm will remain in personal ownership and will continue to run [individually](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
<br>Its senior management, consisting of chairman Andy Hunter, [managing director](https://stocktwits.com/symbol/MNEL) Jim Walker and [monetary director](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Jim Boyd are to remain with the [company](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
<br>Souter Investments, the private investment firm of [transport magnate](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Sir Brian Souter, [validated](https://forest500.org/rankings/companies/mission-newenergy-limited) it had actually offered its 37% stake in Argent.<br>
<br>'Future potential'<br>
<br>Mr Walker said the investment by [John Swire](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) highlighted Argent's strong market position, there was now a chance "to take Argent's skills further afield".<br>
<br>[Barnaby](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Swire, of John Swire, stated his business was dedicated to "checking out and purchasing ingenious and viable green markets".<br>
<br>He added: "We are pleased to be acquiring Argent Energy, a company which our company believe can grow and flourish not only within the UK but likewise overseas, in specific in Asian markets with which Swire Group companies are familiar.<br>
<br>"John Swire & Sons Ltd sees in Argent Energy's employees a mix of characteristics and worths that work with our own, and look forward to working with them to maximise Argent Energy's future capacity."<br>
<br>Argent was established in 2001. In 2009 it was purchased by a consortium that included senior management along with Souter Investments.<br>
<br>Its plant at Newarthill, near Motherwell, has the capacity to produce as much as 50 million litres of [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) a year.<br>
<br>Cooking oil to run buses in trial<br>
<br>4 November 2011<br>
<br>Argent Energy<br>
<br>Souter Investments<br>