From 640986508bf54b95f5cb6114436e9ce93da95d02 Mon Sep 17 00:00:00 2001 From: Bettie Gatlin Date: Fri, 10 Jan 2025 22:48:56 -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..25ffbd4 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
Pioneering [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) producer Argent Energy offered
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23 July 2013
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Argent Energy, a [pioneer](https://www.businessnews.com.au/Company/Mission-NewEnergy) of [large-scale business](https://www.zoominfo.com/c/mission-newenergy/346542889) [production](https://www.pinterest.com.au/missionnewenergy/) of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) in the UK, has been bought by a green investment firm.
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Argent, based near Motherwell, was offered to a subsidiary of [London-based John](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Swire & Sons for an undisclosed sum.
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Argent makes green roadway fuel by recycling wastes and residues such as [utilized cooking](https://www.crunchbase.com/organization/mission-newenergy) oil and tallow from the meat market.
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The company will stay in personal ownership and will [continue](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to run independently.
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Its senior management, including chairman Andy Hunter, managing director Jim Walker and [monetary](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [director](https://www.bloomberg.com/profile/company/MNELF:US) [Jim Boyd](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) are to remain with the [business](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).
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Souter Investments, the personal investment business of [transportation magnate](https://forest500.org/rankings/companies/mission-newenergy-limited) Sir Brian Souter, [verified](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) it had sold its 37% stake in Argent.
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['Future](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) potential'
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Mr Walker stated the investment by John Swire underlined Argent's [strong market](https://www.google.com/search?kgmid=/m/0cqd_rb) position, including there was now a chance "to take Argent's abilities more afield".
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[Barnaby](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Swire, of John Swire, stated his company was dedicated to "exploring and purchasing innovative and feasible green markets".
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He added: "We are happy to be getting Argent Energy, a company which our company believe can grow and succeed not only within the UK but also 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.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) staff members a mix of [characteristics](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) and worths that are with our own, and anticipate dealing with them to increase Argent Energy's future [capacity](https://pitchbook.com/profiles/company/51278-86)."
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Argent was established in 2001. In 2009 it was purchased by a consortium that included senior management in addition to Souter Investments.
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Its plant at Newarthill, near Motherwell, has the capacity to produce approximately 50 million litres of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 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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