From 633c3b36dd0cf90c73a070f3e4c0132e306ff45a Mon Sep 17 00:00:00 2001 From: Susan Kimbell Date: Sat, 18 Jan 2025 11:40:59 +0000 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..72c1108 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
Pioneering [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [manufacturer Argent](https://forest500.org/rankings/companies/mission-newenergy-limited) Energy offered
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23 July 2013
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Argent Energy, a [pioneer](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) of [massive business](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) production of [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) in the UK, has been bought by a [green investment](https://www.zoominfo.com/c/mission-newenergy/346542889) company.
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Argent, based near Motherwell, was offered to a [subsidiary](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of Swire & Sons for an undisclosed amount.
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Argent makes green road fuel by recycling wastes and residues such as used cooking oil and tallow from the [meat industry](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).
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The firm will remain in [personal ownership](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) 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.bloomberg.com/profile/company/MNELF:US) Jim Boyd are to remain with the company.
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Souter Investments, the [private investment](https://www.pinterest.com.au/missionnewenergy/) business of transportation magnate Sir Brian Souter, [confirmed](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) it had sold its 37% stake in Argent.
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'Future capacity'
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Mr Walker stated the [investment](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) by [John Swire](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) underlined Argent's [strong market](https://pitchbook.com/profiles/company/51278-86) position, adding there was now an [opportunity](https://www.crunchbase.com/organization/mission-newenergy) "to take Argent's skills further afield".
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[Barnaby](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Swire, of John Swire, stated his business was dedicated to "checking out and purchasing innovative and viable green markets".
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He added: "We are pleased to be getting Argent Energy, a company which our company believe can grow and flourish not only within the UK however likewise overseas, in specific in Asian markets with which Swire Group business are familiar.
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"John Swire & Sons Ltd sees in [Argent Energy's](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) [employees](https://www.pinterest.com.au/missionnewenergy/) a mix of qualities and values that work with our own, and anticipate dealing with them to increase [Argent Energy's](https://www.bloomberg.com/profile/company/MNELF:US) future capacity."
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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 as much as 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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