From 641acd404f811623518114f2726965f43eecaac4 Mon Sep 17 00:00:00 2001 From: helenekuhn488 Date: Fri, 17 Jan 2025 20:36:28 +0100 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..5c78801 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
Pioneering [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [manufacturer Argent](https://www.crunchbase.com/organization/mission-newenergy) Energy offered
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23 July 2013
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Argent Energy, a leader of large-scale business [production](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has been purchased by a [green investment](https://forest500.org/rankings/companies/mission-newenergy-limited) firm.
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Argent, based near Motherwell, was offered to a [subsidiary](https://stocktwits.com/symbol/MNEL) of [London-based John](https://pitchbook.com/profiles/company/51278-86) Swire & Sons for a [concealed](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) sum.
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Argent makes green roadway fuel by and residues such as used cooking oil and tallow from the meat market.
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The [company](https://www.businessnews.com.au/Company/Mission-NewEnergy) will remain in [private ownership](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and will continue to run separately.
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Its senior management, including chairman Andy Hunter, handling director Jim Walker and [financial](https://www.google.com/search?kgmid=/m/0cqd_rb) [director Jim](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Boyd are to stay with the [business](https://pitchbook.com/profiles/company/51278-86).
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Souter Investments, the private investment firm of [transportation magnate](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Sir Brian Souter, [validated](https://forest500.org/rankings/companies/mission-newenergy-limited) it had sold its 37% stake in Argent.
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['Future](https://www.businessnews.com.au/Company/Mission-NewEnergy) potential'
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Mr Walker said the financial investment by John Swire underlined Argent's strong market position, [including](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) there was now an opportunity "to take Argent's abilities additional afield".
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Barnaby Swire, of John Swire, said his company was dedicated to "checking out and buying ingenious and viable green markets".
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He included: "We are delighted to be getting Argent Energy, a company which our company believe can grow and prosper not only within the UK however also overseas, in specific in Asian markets with which Swire Group companies are familiar.
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"[John Swire](https://www.crunchbase.com/organization/mission-newenergy) & Sons Ltd sees in [Argent Energy's](https://www.pinterest.com.au/missionnewenergy/) staff members a mix of attributes and values that are suitable with our own, and eagerly anticipate working with them to increase Argent [Energy's](https://forest500.org/rankings/companies/mission-newenergy-limited) future potential."
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Argent was developed in 2001. In 2009 it was purchased by a consortium that included senior management along with Souter Investments.
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Its plant at Newarthill, near Motherwell, has the capacity to produce up to 50 million litres of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) 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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