From e2a39eb37b5e6fb0b0324e4673711bc0785368e5 Mon Sep 17 00:00:00 2001 From: Frances Lent Date: Sun, 12 Jan 2025 00:22:11 +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..2e6acf4 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
Pioneering [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) producer Argent Energy offered
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23 July 2013
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Argent Energy, a pioneer of large-scale industrial production of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) in the UK, has been by a green investment firm.
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Argent, based near Motherwell, was [offered](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) to a subsidiary of [London-based John](https://forest500.org/rankings/companies/mission-newenergy-limited) Swire & Sons for an undisclosed amount.
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Argent makes green road fuel by [recycling wastes](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and [residues](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) such as used [cooking oil](https://stocktwits.com/symbol/MNEL) and tallow from the meat industry.
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The [company](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) will remain in [private ownership](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and will continue to run separately.
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Its senior management, consisting of chairman Andy Hunter, managing director Jim Walker and [financial director](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [Jim Boyd](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) are to remain with the business.
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Souter Investments, the private investment firm of [transportation tycoon](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Sir Brian Souter, validated it had actually sold its 37% stake in Argent.
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['Future](https://www.google.com/search?kgmid=/m/0cqd_rb) potential'
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Mr Walker stated the investment by John Swire [highlighted](https://forest500.org/rankings/companies/mission-newenergy-limited) [Argent's strong](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) market position, adding there was now an opportunity "to take Argent's skills more afield".
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[Barnaby](https://www.businessnews.com.au/Company/Mission-NewEnergy) Swire, of John Swire, said his company was devoted to "exploring and buying innovative and feasible green industries".
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He included: "We are delighted to be getting Argent Energy, a company which our company believe can grow and flourish not only within the UK but also overseas, in particular in Asian markets with which Swire Group companies are familiar.
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"John Swire & Sons Ltd sees in Argent Energy's [workers](https://pitchbook.com/profiles/company/51278-86) a mix of [characteristics](https://stocktwits.com/symbol/MNEL) and values that are suitable with our own, and anticipate dealing with them to [increase](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [Argent Energy's](https://www.crunchbase.com/organization/mission-newenergy) future capacity."
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Argent was established 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 capability to produce approximately 50 million litres of [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) 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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