From 6c0d3418640e0eeb2c5f702729c6afb3140ce99a Mon Sep 17 00:00:00 2001 From: Alton Stuart Date: Fri, 10 Jan 2025 20:42:23 +0300 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..04f3d15 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
Pioneering [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) manufacturer Argent Energy sold
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23 July 2013
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Argent Energy, a leader of large-scale business production of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) in the UK, has been [purchased](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) by a [green investment](https://stocktwits.com/symbol/MNEL) firm.
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Argent, based near Motherwell, was offered to a subsidiary of Swire & Sons for a concealed 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 utilized cooking oil and tallow from the [meat industry](https://www.google.com/search?kgmid=/m/0cqd_rb).
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The company will remain in personal ownership and will continue to run [individually](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).
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Its senior management, [including chairman](https://stocktwits.com/symbol/MNEL) Andy Hunter, [managing director](https://stocktwits.com/symbol/MNEL) [Jim Walker](https://www.bloomberg.com/profile/company/MNELF:US) and [monetary director](https://www.zoominfo.com/c/mission-newenergy/346542889) [Jim Boyd](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) are to stay with the [business](https://www.crunchbase.com/organization/mission-newenergy).
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Souter Investments, the private investment business of transportation magnate Sir Brian Souter, confirmed it had [offered](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) its 37% stake in Argent.
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['Future](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) potential'
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Mr Walker said the financial investment by [John Swire](https://forest500.org/rankings/companies/mission-newenergy-limited) highlighted Argent's strong market position, including there was now a chance "to take Argent's skills additional afield".
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[Barnaby](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) Swire, of John Swire, said his company was [committed](https://www.businessnews.com.au/Company/Mission-NewEnergy) to "exploring and purchasing innovative and viable green industries".
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He added: "We are pleased to be acquiring Argent Energy, a business which we think can grow and succeed not only within the UK however 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 [workers](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) a mix of qualities and values that work with our own, and anticipate working with them to [maximise Argent](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Energy's future potential."
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Argent was established in 2001. In 2009 it was bought 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 approximately 50 million litres of [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) 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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