From ab71f9da2d34281bb62ae27c673ecbd09bf48148 Mon Sep 17 00:00:00 2001 From: williancasilla Date: Sun, 12 Jan 2025 07:44:39 +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..50a307c --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
Pioneering [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) manufacturer Argent Energy offered
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23 July 2013
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Argent Energy, a [pioneer](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) of massive business [production](https://stocktwits.com/symbol/MNEL) of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has been bought by a [green financial](https://stocktwits.com/symbol/MNEL) [investment business](https://stocktwits.com/symbol/MNEL).
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Argent, based near Motherwell, was offered to a subsidiary of [London-based John](https://www.google.com/search?kgmid=/m/0cqd_rb) Swire & Sons for a concealed amount.
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Argent makes green roadway fuel by recycling wastes and [residues](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) such as used cooking oil and tallow from the meat industry.
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The company will stay in private ownership and will [continue](https://www.pinterest.com.au/missionnewenergy/) to run individually.
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Its senior management, consisting of chairman Andy Hunter, managing director Jim Walker and financial director Jim Boyd are to remain with the company.
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Souter Investments, the private investment firm of transport tycoon Sir Brian Souter, [confirmed](https://stocktwits.com/symbol/MNEL) it had [offered](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) its 37% stake in Argent.
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['Future](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) potential'
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Mr [Walker stated](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) the investment by [John Swire](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [underlined Argent's](https://www.zoominfo.com/c/mission-newenergy/346542889) strong market position, [including](https://www.google.com/search?kgmid=/m/0cqd_rb) there was now a chance "to take Argent's skills further afield".
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Swire, of John Swire, stated his business was devoted to "exploring and buying ingenious and viable green industries".
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He added: "We are delighted to be acquiring Argent Energy, a business which we think can grow and prosper not just within the UK but also overseas, in particular in Asian markets with which Swire Group business are familiar.
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"John Swire & Sons Ltd sees in [Argent Energy's](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) staff members a mix of [attributes](https://www.google.com/search?kgmid=/m/0cqd_rb) and worths that are suitable with our own, and eagerly anticipate dealing with them to increase Argent [Energy's](https://pitchbook.com/profiles/company/51278-86) [future capacity](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048)."
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Argent was established in 2001. In 2009 it was bought by a consortium which consisted of senior management in addition to 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.zoominfo.com/c/mission-newenergy/346542889) 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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