From 4a916a723a789b820c655a769ad8d34b8967fca6 Mon Sep 17 00:00:00 2001 From: Catharine Creswick Date: Mon, 13 Jan 2025 08:52:06 +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..8208f4b --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
Pioneering [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) producer Argent Energy offered
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23 July 2013
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Argent Energy, a leader of [massive industrial](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [production](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) of [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) in the UK, has been bought by a [green investment](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) firm.
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Argent, based near Motherwell, was sold to a subsidiary of London-based John Swire & Sons for a [concealed](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) sum.
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Argent makes green roadway fuel by [recycling wastes](https://www.pinterest.com.au/missionnewenergy/) and [residues](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) such as oil and tallow from the [meat industry](https://stocktwits.com/symbol/MNEL).
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The company will remain in personal ownership and will continue to run individually.
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Its senior management, consisting of chairman Andy Hunter, managing director Jim Walker and monetary director Jim Boyd are to remain with the [business](https://stocktwits.com/symbol/MNEL).
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Souter Investments, the [private investment](https://www.pinterest.com.au/missionnewenergy/) firm of transport tycoon [Sir Brian](https://www.bloomberg.com/profile/company/MNELF:US) 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](https://www.zoominfo.com/c/mission-newenergy/346542889) by John Swire [highlighted Argent's](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) strong market position, adding there was now a chance "to take Argent's abilities more afield".
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[Barnaby](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Swire, of John Swire, said his company was [dedicated](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to "exploring and buying ingenious and viable green industries".
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He included: "We are delighted to be acquiring Argent Energy, a business which our company believe can grow and prosper not only within the UK but likewise overseas, in specific in Asian markets with which Swire Group business 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 qualities and values that are suitable with our own, and look forward to [dealing](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) with them to maximise Argent [Energy's](https://www.businessnews.com.au/Company/Mission-NewEnergy) future [potential](https://forest500.org/rankings/companies/mission-newenergy-limited)."
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Argent was developed 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 as much as 50 million litres of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) 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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