From f80ef732fbd54749003c8aede9233dc421c0a7a9 Mon Sep 17 00:00:00 2001 From: jeseniasoutter Date: Fri, 10 Jan 2025 14:05:37 -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..2a9d0bd --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
Pioneering [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) manufacturer Argent Energy offered
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23 July 2013
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Argent Energy, a leader of [massive business](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [production](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has actually been bought by a green financial [investment](https://www.pinterest.com.au/missionnewenergy/) [company](https://www.zoominfo.com/c/mission-newenergy/346542889).
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Argent, based near Motherwell, was offered to a [subsidiary](https://www.bloomberg.com/profile/company/MNELF:US) of Swire & Sons for an [undisclosed](https://forest500.org/rankings/companies/mission-newenergy-limited) amount.
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Argent makes [green roadway](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) fuel by recycling wastes and [residues](https://stocktwits.com/symbol/MNEL) such as used [cooking oil](https://www.pinterest.com.au/missionnewenergy/) and tallow from the meat industry.
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The firm will remain in private ownership and will continue to run separately.
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Its senior management, consisting of chairman Andy Hunter, [managing](https://www.businessnews.com.au/Company/Mission-NewEnergy) [director Jim](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Walker and [monetary director](https://www.zoominfo.com/c/mission-newenergy/346542889) Jim Boyd are to remain with the business.
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Souter Investments, the private financial investment company of [transport magnate](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Sir Brian Souter, verified it had actually sold its 37% stake in Argent.
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'Future potential'
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Mr Walker stated the investment by [John Swire](https://www.bloomberg.com/profile/company/MNELF:US) [highlighted Argent's](https://www.businessnews.com.au/Company/Mission-NewEnergy) strong market position, including there was now a chance "to take Argent's abilities more afield".
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Barnaby Swire, of John Swire, said his company was committed to "checking out and purchasing ingenious and viable green industries".
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He included: "We are delighted to be obtaining Argent Energy, a company which our company believe can grow and succeed not just within the UK however likewise 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 a mix of qualities and values that work with our own, and eagerly anticipate [dealing](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) with them to [maximise Argent](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Energy's future [potential](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price)."
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Argent was developed 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.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) 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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