From e218040225dd9b3303b12a6a3798c2bc7e1bf258 Mon Sep 17 00:00:00 2001 From: glennac9049964 Date: Sat, 18 Jan 2025 19:08:00 +0800 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..ce8b784 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
Pioneering [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) producer Argent Energy offered
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23 July 2013
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Argent Energy, a leader of [massive business](https://pitchbook.com/profiles/company/51278-86) production of [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) in the UK, has actually been purchased by a green investment firm.
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Argent, based near Motherwell, was sold to a of London-based John Swire & Sons for a concealed amount.
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Argent makes [green roadway](https://www.google.com/search?kgmid=/m/0cqd_rb) fuel by recycling wastes and [residues](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) such as utilized cooking oil and tallow from the meat market.
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The [company](https://www.businessnews.com.au/Company/Mission-NewEnergy) will remain in [private](https://www.crunchbase.com/organization/mission-newenergy) [ownership](https://pitchbook.com/profiles/company/51278-86) and will [continue](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to run [separately](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).
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Its senior management, consisting of chairman Andy Hunter, handling director Jim Walker and [monetary director](https://www.crunchbase.com/organization/mission-newenergy) Jim Boyd are to remain with the [business](https://www.businessnews.com.au/Company/Mission-NewEnergy).
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Souter Investments, the personal investment company of [transportation magnate](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [Sir Brian](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Souter, [verified](https://pitchbook.com/profiles/company/51278-86) it had sold its 37% stake in Argent.
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['Future](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) capacity'
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Mr Walker said the investment by John Swire underlined Argent's strong market position, [including](https://www.pinterest.com.au/missionnewenergy/) there was now a chance "to take Argent's skills additional afield".
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[Barnaby](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Swire, of John Swire, said his company was devoted to "exploring and investing in innovative and viable green industries".
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He added: "We are delighted to be getting Argent Energy, a company which we think can grow and flourish not only within the UK however also overseas, in particular in Asian markets with which Swire Group companies are familiar.
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"John Swire & Sons Ltd sees in [Argent Energy's](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [employees](https://forest500.org/rankings/companies/mission-newenergy-limited) a mix of attributes and values that are compatible with our own, and anticipate dealing with them to increase Argent Energy's future capacity."
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Argent was developed in 2001. In 2009 it was purchased by a consortium which consisted of senior management along with Souter Investments.
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Its plant at Newarthill, near Motherwell, has the capability to produce approximately 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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