From 469740ccbe304a2031da31398cfb7cdc817dca45 Mon Sep 17 00:00:00 2001 From: pollykrischock Date: Sat, 18 Jan 2025 22:27:43 +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..39c0141 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
[Pioneering biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [manufacturer](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) [Argent Energy](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) sold
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23 July 2013
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Argent Energy, a leader of [large-scale commercial](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [production](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) of biodiesel in the UK, has been [purchased](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) by a [green financial](https://www.bloomberg.com/profile/company/MNELF:US) investment business.
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Argent, based near Motherwell, was offered to a [subsidiary](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of London-based John Swire & Sons for an undisclosed amount.
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Argent makes green roadway fuel by recycling wastes and [residues](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) such as used [cooking oil](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) and tallow from the [meat market](https://pitchbook.com/profiles/company/51278-86).
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The firm will remain in personal ownership and will continue to run [individually](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).
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Its senior management, consisting of [chairman Andy](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Hunter, handling director Jim Walker and [financial director](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Jim Boyd are to stay with the [business](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).
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Souter Investments, the investment company of transport tycoon Sir Brian Souter, [validated](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) it had actually sold its 37% stake in Argent.
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'Future potential'
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Mr Walker stated the [financial investment](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) by [John Swire](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) [highlighted Argent's](https://forest500.org/rankings/companies/mission-newenergy-limited) strong market position, including there was now a chance "to take Argent's abilities additional afield".
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Barnaby Swire, of John Swire, said his company was devoted to "exploring and buying innovative and feasible green markets".
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He added: "We are pleased to be getting Argent Energy, a company which our company believe can grow and prosper not just within the UK but 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.energy-xprt.com/companies/mission-newenergy-limited-36048) and values that are compatible with our own, and eagerly anticipate working with them to maximise [Argent Energy's](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) future potential."
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Argent was developed in 2001. In 2009 it was bought by a consortium that included senior management together 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 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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