From a5d334a2e2b2cf11dfacb5d5fe5345ee8df2981a Mon Sep 17 00:00:00 2001 From: Glinda Tall Date: Sun, 12 Jan 2025 08:11:44 +0800 Subject: [PATCH] Update '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..eb6c7bd --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
[Pioneering](https://pitchbook.com/profiles/company/51278-86) [biodiesel](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) [manufacturer Argent](https://www.crunchbase.com/organization/mission-newenergy) Energy sold
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23 July 2013
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Argent Energy, a pioneer of massive business [production](https://www.bloomberg.com/profile/company/MNELF:US) of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) in the UK, has actually been bought by a green investment [company](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).
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Argent, based near Motherwell, was sold to a [subsidiary](https://forest500.org/rankings/companies/mission-newenergy-limited) of London-based John Swire & Sons for a concealed amount.
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Argent makes [green roadway](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) fuel by recycling wastes and [residues](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) such as utilized cooking oil and tallow from the meat market.
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The company will remain in [personal ownership](https://pitchbook.com/profiles/company/51278-86) and will continue to run [independently](https://www.pinterest.com.au/missionnewenergy/).
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Its senior management, [consisting](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) of [chairman Andy](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Hunter, managing director Jim Walker and monetary director Jim Boyd are to remain with the business.
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Souter Investments, the personal investment firm of [transport tycoon](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Sir Brian Souter, [confirmed](https://www.zoominfo.com/c/mission-newenergy/346542889) it had [offered](https://www.google.com/search?kgmid=/m/0cqd_rb) its 37% stake in Argent.
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'Future potential'
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Mr Walker said the financial investment by John Swire highlighted Argent's strong market position, adding there was now an [opportunity](https://stocktwits.com/symbol/MNEL) "to take Argent's abilities more afield".
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Barnaby Swire, of John Swire, stated his [business](https://forest500.org/rankings/companies/mission-newenergy-limited) was devoted to "exploring and buying ingenious and feasible green markets".
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He included: "We are pleased to be getting Argent Energy, a company which our company believe can grow and flourish 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 staff members a mix of [attributes](https://www.pinterest.com.au/missionnewenergy/) and values that work with our own, and eagerly anticipate working with them to increase [future potential](https://stocktwits.com/symbol/MNEL)."
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Argent was established in 2001. In 2009 it was bought by a consortium which included senior management together with 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.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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