From 4b4528ecd629a5fa0875349c08da63af6f8b5d2a Mon Sep 17 00:00:00 2001 From: Adrianne Robeson Date: Sat, 11 Jan 2025 16:49:20 +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..cbb9a75 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
[Pioneering biodiesel](https://www.crunchbase.com/organization/mission-newenergy) [manufacturer Argent](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Energy offered
+
23 July 2013
+
Argent Energy, a leader of [massive business](https://www.businessnews.com.au/Company/Mission-NewEnergy) [production](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) 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 firm.
+
Argent, based near Motherwell, was offered to a subsidiary of London-based John Swire & Sons for a concealed sum.
+
Argent makes [green road](https://www.google.com/search?kgmid=/m/0cqd_rb) fuel by [recycling wastes](https://www.crunchbase.com/organization/mission-newenergy) and [residues](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) such as [utilized cooking](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) oil and tallow from the meat market.
+
The company will remain in private ownership and will to run [individually](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).
+
Its senior management, consisting of chairman Andy Hunter, handling director Jim Walker and [financial](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [director Jim](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Boyd are to stay with the business.
+
Souter Investments, the personal financial investment business of transportation magnate Sir Brian Souter, validated it had sold its 37% stake in Argent.
+
['Future](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) capacity'
+
Mr Walker stated the [investment](https://www.bloomberg.com/profile/company/MNELF:US) by [John Swire](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) highlighted Argent's [strong market](https://pitchbook.com/profiles/company/51278-86) position, adding there was now a chance "to take Argent's abilities further afield".
+
Barnaby Swire, of John Swire, stated his company was committed to "checking out and buying innovative and feasible green markets".
+
He included: "We are delighted to be getting Argent Energy, a business which we believe can grow and prosper not just within the UK but also overseas, in specific in Asian markets with which Swire Group companies recognize.
+
"John Swire & Sons Ltd sees in [Argent Energy's](https://www.businessnews.com.au/Company/Mission-NewEnergy) [workers](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) a mix of [attributes](https://pitchbook.com/profiles/company/51278-86) and worths that work with our own, and [eagerly anticipate](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) working with them to maximise Argent Energy's future potential."
+
Argent was developed in 2001. In 2009 it was bought by a consortium which consisted of senior management in addition to Souter Investments.
+
Its plant at Newarthill, near Motherwell, has the capacity to produce as much as 50 million litres of [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) a year.
+
Cooking oil to run buses in trial
+
4 November 2011
+
Argent Energy
+
Souter Investments
\ No newline at end of file