From 5917e36b3da5840b225401fe9ba7a7ed6a403c02 Mon Sep 17 00:00:00 2001 From: Savannah Murry Date: Sat, 18 Jan 2025 18:35:06 +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..237ca3f --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
[Pioneering biodiesel](https://www.bloomberg.com/profile/company/MNELF:US) [producer Argent](https://www.pinterest.com.au/missionnewenergy/) Energy sold
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23 July 2013
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Argent Energy, a pioneer of large-scale industrial production of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has actually been bought by a green investment business.
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Argent, based near Motherwell, was sold to a [subsidiary](https://stocktwits.com/symbol/MNEL) of [London-based John](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Swire & Sons for an undisclosed amount.
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Argent makes green road fuel by [recycling wastes](https://www.crunchbase.com/organization/mission-newenergy) and [residues](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) such as [utilized cooking](https://www.crunchbase.com/organization/mission-newenergy) oil and tallow from the meat market.
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The company will remain in and will continue to run independently.
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Its senior management, [consisting](https://pitchbook.com/profiles/company/51278-86) of [chairman Andy](https://www.pinterest.com.au/missionnewenergy/) Hunter, [managing director](https://www.zoominfo.com/c/mission-newenergy/346542889) Jim Walker and financial director Jim Boyd are to stay with the [company](https://www.zoominfo.com/c/mission-newenergy/346542889).
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Souter Investments, the private investment firm of transport tycoon Sir Brian Souter, [validated](https://www.google.com/search?kgmid=/m/0cqd_rb) it had actually sold its 37% stake in Argent.
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['Future](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) capacity'
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Mr Walker said the financial investment by John Swire [underlined](https://www.pinterest.com.au/missionnewenergy/) Argent's strong market position, including there was now an opportunity "to take Argent's skills more afield".
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[Barnaby](https://www.google.com/search?kgmid=/m/0cqd_rb) Swire, of John Swire, stated his business was committed to "checking out and purchasing innovative and viable green industries".
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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 but likewise overseas, in specific in Asian markets with which Swire Group business are familiar.
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"John Swire & Sons Ltd sees in Argent Energy's [workers](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) a mix of [qualities](https://www.google.com/search?kgmid=/m/0cqd_rb) and worths that are compatible with our own, and [eagerly anticipate](https://www.crunchbase.com/organization/mission-newenergy) working with them to increase Argent Energy's [future capacity](https://pitchbook.com/profiles/company/51278-86)."
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Argent was established 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 approximately 50 million litres of [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) 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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