aaronfulcher60/mission-biotechnologies-sdn.-bhd
1
0
Code Issues Packages Projects Wiki

Add 'Pioneering Biodiesel Producer Argent Energy Sold'

Aaron Fulcher 2025-01-15 22:39:01 +08:00
parent 0175f4c492
commit a275ccc1f1
1 changed files with 19 additions and 0 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

19
Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md Normal file

@ -0,0 +1,19 @@
<br>Pioneering [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) manufacturer Argent Energy offered<br>
<br>23 July 2013<br>
<br>Argent Energy, a pioneer of massive industrial production of [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) in the UK, has actually been bought by a [green financial](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) investment business.<br>
<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) of [London-based John](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Swire & Sons for a [concealed](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) sum.<br>
<br>Argent makes [green road](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) fuel by [recycling wastes](https://forest500.org/rankings/companies/mission-newenergy-limited) and residues such as [utilized cooking](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) oil and tallow from the [meat market](https://www.crunchbase.com/organization/mission-newenergy).<br>
<br>The firm will stay in personal ownership and will [continue](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to run [separately](https://www.bloomberg.com/profile/company/MNELF:US).<br>
<br>Its senior management, including chairman Andy Hunter, [handling director](https://pitchbook.com/profiles/company/51278-86) [Jim Walker](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and Jim Boyd are to remain with the [business](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
<br>Souter Investments, the personal investment firm of [transport tycoon](https://www.businessnews.com.au/Company/Mission-NewEnergy) Sir Brian Souter, verified it had sold its 37% stake in Argent.<br>
<br>'Future capacity'<br>
<br>Mr Walker said the investment by John Swire underlined [Argent's strong](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) market position, including there was now a chance "to take Argent's abilities additional afield".<br>
<br>[Barnaby](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Swire, of John Swire, said his company was committed to "exploring and buying ingenious and feasible green industries".<br>
<br>He added: "We are thrilled to be getting Argent Energy, a business which our company believe can grow and prosper not only within the UK however also overseas, in particular in Asian markets with which Swire Group companies recognize.<br>
<br>"John Swire & Sons Ltd sees in Argent Energy's [employees](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) a mix of [qualities](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and worths that work with our own, and anticipate dealing with them to increase Argent Energy's future potential."<br>
<br>Argent was established in 2001. In 2009 it was bought by a consortium which consisted of senior management along with Souter Investments.<br>
<br>Its plant at Newarthill, near Motherwell, has the capability to produce approximately 50 million litres of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) a year.<br>
<br>Cooking oil to run buses in trial<br>
<br>4 November 2011<br>
<br>Argent Energy<br>
<br>Souter Investments<br>