From bc6e1525aaa20adf578eb17a6897baf5e4cbd46d Mon Sep 17 00:00:00 2001 From: tahliaevers039 Date: Sat, 11 Jan 2025 19:58:34 +0000 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..fdb3e6d --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
Pioneering [biodiesel](https://www.pinterest.com.au/missionnewenergy/) manufacturer Argent Energy offered
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23 July 2013
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Argent Energy, a leader of [large-scale business](https://www.bloomberg.com/profile/company/MNELF:US) production of in the UK, has been [purchased](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) by a [green investment](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) firm.
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Argent, based near Motherwell, was sold to a [subsidiary](https://pitchbook.com/profiles/company/51278-86) of [London-based John](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Swire & Sons for an [undisclosed](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) amount.
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Argent makes [green roadway](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) fuel by recycling wastes and residues such as used [cooking oil](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and tallow from the [meat industry](https://stocktwits.com/symbol/MNEL).
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The firm will stay in private ownership and will [continue](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to run independently.
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Its senior management, [including chairman](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Andy Hunter, managing director Jim Walker and monetary director Jim Boyd are to remain with the company.
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Souter Investments, the personal investment firm of transport magnate Sir Brian Souter, confirmed it had sold its 37% stake in Argent.
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'Future potential'
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Mr [Walker stated](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) the investment by John Swire [underlined](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [Argent's strong](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) market position, adding there was now a chance "to take Argent's abilities additional afield".
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[Barnaby](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Swire, of John Swire, said his company was [dedicated](https://www.crunchbase.com/organization/mission-newenergy) to "exploring and purchasing innovative and practical green markets".
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He included: "We are pleased to be getting Argent Energy, a business which our company believe can grow and succeed 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 & Sons Ltd sees in Argent Energy's [workers](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 mix of qualities and values that are compatible with our own, and [eagerly anticipate](https://www.bloomberg.com/profile/company/MNELF:US) dealing with them to maximise Argent [Energy's future](https://www.bloomberg.com/profile/company/MNELF:US) capacity."
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Argent was established in 2001. In 2009 it was bought by a consortium that included senior management along with Souter Investments.
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Its plant at Newarthill, near Motherwell, has the capability to produce up to 50 million litres of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) 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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