From fb8918e2e9a0457bd429835bf53204621c946c9c Mon Sep 17 00:00:00 2001 From: Candelaria Gill Date: Sat, 11 Jan 2025 22:37:47 +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..0cd2746 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
[Pioneering biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) manufacturer Argent Energy sold
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23 July 2013
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Argent Energy, a pioneer of large-scale business production of [biodiesel](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) in the UK, has actually been purchased by a [green investment](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) firm.
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Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Swire & Sons for a amount.
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Argent makes green road fuel by [recycling wastes](https://forest500.org/rankings/companies/mission-newenergy-limited) and [residues](https://www.zoominfo.com/c/mission-newenergy/346542889) such as [utilized cooking](https://pitchbook.com/profiles/company/51278-86) oil and tallow from the meat market.
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The company will remain in [personal 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](https://pitchbook.com/profiles/company/51278-86).
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Its senior management, [consisting](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of chairman Andy Hunter, managing [director Jim](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Walker and financial director 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 personal financial investment business of [transportation magnate](https://www.zoominfo.com/c/mission-newenergy/346542889) Sir Brian Souter, [validated](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) it had offered its 37% stake in Argent.
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['Future](https://stocktwits.com/symbol/MNEL) capacity'
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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 skills more afield".
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Barnaby Swire, of John Swire, said his [company](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) was devoted to "exploring and buying ingenious and viable green markets".
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He included: "We are thrilled to be obtaining Argent Energy, a company which our company believe can grow and prosper not just within the UK however likewise overseas, in specific in Asian markets with which Swire Group companies are familiar.
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"[John Swire](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) & Sons Ltd sees in Argent Energy's [workers](https://www.google.com/search?kgmid=/m/0cqd_rb) a mix of qualities and worths that work with our own, and [anticipate](https://www.google.com/search?kgmid=/m/0cqd_rb) working with them to [maximise Argent](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Energy's future capacity."
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Argent was established in 2001. In 2009 it was purchased by a consortium which consisted of senior management along with Souter Investments.
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Its plant at Newarthill, near Motherwell, has the capacity to produce as much as 50 million litres of [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) 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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