From ba4dbb0427b42c197226329092d6bd7388a0d984 Mon Sep 17 00:00:00 2001 From: Hermelinda Tobias Date: Sun, 12 Jan 2025 21:38:55 +0100 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..bcb04ab --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
[Pioneering](https://www.bloomberg.com/profile/company/MNELF:US) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [manufacturer](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [Argent Energy](https://www.businessnews.com.au/Company/Mission-NewEnergy) sold
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23 July 2013
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Argent Energy, a pioneer of massive industrial production of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) in the UK, has actually been bought by a [green investment](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) firm.
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Argent, based near Motherwell, was sold to a subsidiary of London-based John Swire & Sons for an [undisclosed](https://www.bloomberg.com/profile/company/MNELF:US) sum.
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Argent makes [green road](https://pitchbook.com/profiles/company/51278-86) fuel by [recycling wastes](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and residues such as [utilized cooking](https://www.crunchbase.com/organization/mission-newenergy) oil and tallow from the [meat market](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).
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The firm will stay in personal ownership and will continue to run [separately](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).
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Its senior management, including chairman Andy Hunter, Jim Walker and financial director Jim Boyd are to stay with the business.
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Souter Investments, the private financial investment business of transport [tycoon Sir](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Brian Souter, confirmed it had [offered](https://forest500.org/rankings/companies/mission-newenergy-limited) its 37% stake in Argent.
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'Future capacity'
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Mr Walker said the financial investment by [John Swire](https://www.crunchbase.com/organization/mission-newenergy) highlighted Argent's [strong market](https://forest500.org/rankings/companies/mission-newenergy-limited) position, [including](https://www.google.com/search?kgmid=/m/0cqd_rb) there was now a chance "to take Argent's skills more afield".
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[Barnaby](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Swire, of John Swire, said his business was [dedicated](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to "exploring and buying innovative and practical green industries".
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He included: "We are happy to be getting Argent Energy, a company which our company believe can grow and succeed not only within the UK however also 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 a mix of qualities and values that are compatible with our own, and look forward to dealing with them to increase Argent Energy's [future capacity](https://www.pinterest.com.au/missionnewenergy/)."
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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.investing.com/equities/mission-newenergy-ltd-company-profile) 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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