From 47a1e15d07d9420f8fa076ba7ea08a00fb7f39f6 Mon Sep 17 00:00:00 2001 From: Virgie Gower Date: Sat, 11 Jan 2025 11:33:24 +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..2e93e28 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
[Pioneering](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [producer Argent](https://www.pinterest.com.au/missionnewenergy/) Energy sold
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23 July 2013
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Argent Energy, a pioneer of large-scale business [production](https://www.google.com/search?kgmid=/m/0cqd_rb) 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 firm.
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Argent, based near Motherwell, was sold to a [subsidiary](https://stocktwits.com/symbol/MNEL) of [London-based John](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) 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 stay in [private ownership](https://www.bloomberg.com/profile/company/MNELF:US) and will continue to run individually.
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Its senior management, including chairman Andy Hunter, [handling director](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Jim Walker and [financial director](https://pitchbook.com/profiles/company/51278-86) Jim Boyd are to stay with the [company](https://forest500.org/rankings/companies/mission-newenergy-limited).
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Souter Investments, the [private financial](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) investment business of [transport tycoon](https://www.crunchbase.com/organization/mission-newenergy) Sir Brian Souter, verified it had actually sold its 37% stake in Argent.
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['Future](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) potential'
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Mr Walker stated the financial [investment](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) by John Swire highlighted Argent's position, adding there was now a chance "to take Argent's abilities more afield".
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Barnaby Swire, of John Swire, stated his business was [dedicated](https://www.pinterest.com.au/missionnewenergy/) to "checking out and purchasing innovative and practical green markets".
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He added: "We are happy to be acquiring Argent Energy, a company which we believe can grow and flourish not only within the UK but likewise overseas, in specific in Asian markets with which Swire Group companies recognize.
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"[John Swire](https://www.zoominfo.com/c/mission-newenergy/346542889) & Sons Ltd sees in [Argent Energy's](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [workers](https://pitchbook.com/profiles/company/51278-86) a mix of [attributes](https://www.pinterest.com.au/missionnewenergy/) and worths that work with our own, and look forward to working with them to increase Argent Energy's future potential."
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Argent was established in 2001. In 2009 it was bought by a consortium which consisted of senior management together with 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.google.com/search?kgmid=/m/0cqd_rb) 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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