commit 8d378ad40a5a6eea7fe7454b25d0dbc7b6bdfdad Author: vicentemedlin4 Date: Fri Jan 17 22:09:43 2025 +0000 Add 'Pioneering Biodiesel Producer Argent Energy Sold' diff --git a/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md new file mode 100644 index 0000000..b2da293 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
Pioneering [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) manufacturer Argent Energy sold
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23 July 2013
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Argent Energy, a leader of [massive business](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) production of biodiesel in the UK, has actually been bought by a green investment [business](https://pitchbook.com/profiles/company/51278-86).
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Argent, based near Motherwell, was sold to a [subsidiary](https://www.crunchbase.com/organization/mission-newenergy) of [London-based John](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Swire & Sons for an undisclosed sum.
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Argent makes green road fuel by recycling wastes and [residues](https://www.pinterest.com.au/missionnewenergy/) such as [utilized cooking](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) oil and tallow from the meat market.
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The firm will remain in [personal ownership](https://www.businessnews.com.au/Company/Mission-NewEnergy) and will [continue](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to run [independently](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).
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Its senior management, consisting of chairman Andy Hunter, handling director Jim Walker and monetary director [Jim Boyd](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) are to stay with the [company](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).
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Souter Investments, the private investment business of transportation magnate Sir Brian Souter, verified it had offered 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](https://www.crunchbase.com/organization/mission-newenergy) by John Swire [highlighted Argent's](https://pitchbook.com/profiles/company/51278-86) strong market position, adding there was now an [opportunity](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) "to take Argent's abilities further afield".
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[Barnaby](https://www.google.com/search?kgmid=/m/0cqd_rb) Swire, of John Swire, said his was [dedicated](https://www.pinterest.com.au/missionnewenergy/) to "checking out and investing in innovative and feasible green markets".
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He added: "We are thrilled to be obtaining Argent Energy, a company which our company believe can grow and succeed not only within the UK however likewise overseas, in specific in Asian markets with which Swire Group business recognize.
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"[John Swire](https://www.zoominfo.com/c/mission-newenergy/346542889) & Sons Ltd sees in Argent Energy's workers a mix of qualities and worths that are compatible with our own, and eagerly anticipate working with them to [increase](https://www.bloomberg.com/profile/company/MNELF:US) Argent Energy's future capacity."
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Argent was established in 2001. In 2009 it was bought by a consortium which consisted of 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](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) 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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