commit c7f876650feacae093e40feae05ad590c8d68e51 Author: daniellacastle Date: Sat Jan 18 13:02:11 2025 +0100 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..31cb0b7 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
[Pioneering](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [producer Argent](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Energy sold
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23 July 2013
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Argent Energy, a [pioneer](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of [large-scale business](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [production](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has actually been [purchased](https://forest500.org/rankings/companies/mission-newenergy-limited) by a green financial investment business.
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Argent, based near Motherwell, was offered to a [subsidiary](https://www.zoominfo.com/c/mission-newenergy/346542889) of London-based John Swire & Sons for an amount.
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Argent makes [green roadway](https://www.zoominfo.com/c/mission-newenergy/346542889) fuel by [recycling wastes](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and residues such as utilized cooking oil and tallow from the meat industry.
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The firm will remain in private ownership and will [continue](https://forest500.org/rankings/companies/mission-newenergy-limited) to run individually.
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Its senior management, including chairman Andy Hunter, handling director [Jim Walker](https://www.bloomberg.com/profile/company/MNELF:US) and [financial director](https://www.crunchbase.com/organization/mission-newenergy) Jim Boyd are to remain with the [business](https://pitchbook.com/profiles/company/51278-86).
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Souter Investments, the personal financial [investment company](https://stocktwits.com/symbol/MNEL) of transport tycoon Sir Brian Souter, verified it had sold its 37% stake in Argent.
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'Future potential'
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Mr Walker stated the financial investment by John Swire underlined Argent's [strong market](https://www.pinterest.com.au/missionnewenergy/) position, adding there was now an opportunity "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 devoted to "exploring and purchasing ingenious and practical green markets".
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He added: "We are happy to be getting Argent Energy, a business which we believe can grow and succeed not just within the UK however also overseas, in particular in Asian markets with which Swire Group companies recognize.
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"John Swire & Sons Ltd sees in Argent Energy's [workers](https://stocktwits.com/symbol/MNEL) a mix of [attributes](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and worths that work with our own, and anticipate working with them to maximise Argent Energy's future capacity."
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Argent was established in 2001. In 2009 it was purchased by a consortium that included senior management together with Souter Investments.
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Its plant at Newarthill, near Motherwell, has the capability to produce as much as 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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