From 6824333c81d108bacb2df28174489893ac90e2f2 Mon Sep 17 00:00:00 2001 From: lucileenriquez Date: Sun, 12 Jan 2025 00:12:31 +0000 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..b6e0060 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
[Pioneering biodiesel](https://www.crunchbase.com/organization/mission-newenergy) producer Argent Energy sold
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23 July 2013
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Argent Energy, a pioneer of massive business production of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) in the UK, has actually been [purchased](https://www.pinterest.com.au/missionnewenergy/) by a green investment firm.
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Argent, based near Motherwell, was offered to a subsidiary of London-based John Swire & Sons for an [undisclosed](https://www.google.com/search?kgmid=/m/0cqd_rb) amount.
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Argent makes fuel by recycling wastes and [residues](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) such as [utilized cooking](https://www.pinterest.com.au/missionnewenergy/) oil and tallow from the meat market.
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The company will remain in personal ownership and will [continue](https://pitchbook.com/profiles/company/51278-86) to run [independently](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).
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Its senior management, consisting of [chairman Andy](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Hunter, managing director Jim Walker and [monetary director](https://www.businessnews.com.au/Company/Mission-NewEnergy) Jim Boyd are to remain with the [company](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053).
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Souter Investments, the [personal financial](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) investment business of transport magnate Sir Brian Souter, [confirmed](https://www.pinterest.com.au/missionnewenergy/) it had actually sold its 37% stake in Argent.
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['Future](https://www.zoominfo.com/c/mission-newenergy/346542889) potential'
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Mr Walker said the financial investment by John Swire highlighted Argent's strong market position, adding there was now a chance "to take Argent's abilities additional afield".
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Barnaby Swire, of John Swire, said his [company](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) was devoted to "checking out and purchasing innovative and feasible green industries".
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He added: "We are pleased to be obtaining Argent Energy, a company which our company believe can grow and flourish not only within the UK but likewise overseas, in particular in Asian markets with which Swire Group business recognize.
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"[John Swire](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) & Sons Ltd sees in [Argent Energy's](https://www.pinterest.com.au/missionnewenergy/) workers a mix of [characteristics](https://www.zoominfo.com/c/mission-newenergy/346542889) and worths that are compatible with our own, and [eagerly anticipate](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) dealing with them to increase Argent Energy's [future potential](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608)."
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Argent was developed in 2001. In 2009 it was purchased by a consortium which included senior management along with Souter Investments.
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Its plant at Newarthill, near Motherwell, has the capability to produce as much as 50 million litres of [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) 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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