commit ed2f59c052006d9c1ab8c78de5f97bb631349712 Author: doyleleidig061 Date: Sat Jan 11 14:08:25 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..295a6a0 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
[Pioneering](https://pitchbook.com/profiles/company/51278-86) [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Energy offered
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23 July 2013
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Argent Energy, a leader of [massive business](https://stocktwits.com/symbol/MNEL) production of [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) in the UK, has been bought by a green investment [company](https://www.bloomberg.com/profile/company/MNELF:US).
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Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://www.google.com/search?kgmid=/m/0cqd_rb) Swire & Sons for a [concealed](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) amount.
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Argent makes green roadway fuel by recycling wastes and residues such as used [cooking oil](https://stocktwits.com/symbol/MNEL) and tallow from the meat market.
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The firm will remain in [private ownership](https://pitchbook.com/profiles/company/51278-86) and will continue to run individually.
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Its senior management, [including chairman](https://stocktwits.com/symbol/MNEL) Andy Hunter, [managing director](https://www.google.com/search?kgmid=/m/0cqd_rb) Jim Walker and financial director Jim Boyd are to stay with the [business](https://www.investing.com/equities/mission-newenergy-ltd-company-profile).
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Souter Investments, the [private investment](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) firm of transportation magnate Sir Brian Souter, [verified](https://www.zoominfo.com/c/mission-newenergy/346542889) it had offered its 37% stake in Argent.
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'Future potential'
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Mr Walker stated the [financial](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) investment by John Swire underlined Argent's strong market position, including there was now an opportunity "to take Argent's abilities more afield".
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Barnaby Swire, of John Swire, said his [company](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) was committed to "checking out and purchasing innovative and practical green markets".
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He added: "We are delighted to be getting Argent Energy, a business which our company believe can grow and prosper not just within the UK but also overseas, in particular in Asian markets with which Swire Group business are familiar.
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"[John Swire](https://www.bloomberg.com/profile/company/MNELF:US) & Sons Ltd sees in [Argent Energy's](https://forest500.org/rankings/companies/mission-newenergy-limited) [workers](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) a mix of qualities and worths that are compatible with our own, and look forward to dealing with them to increase Argent Energy's future [capacity](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm)."
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Argent was developed in 2001. In 2009 it was bought by a consortium which 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](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) 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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