commit 06eb4b406bae60e65fe0a33877430338d57d8198 Author: zacbraley74436 Date: Sun Jan 12 06:30:33 2025 -0500 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..1306d33 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
Pioneering [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [producer Argent](https://www.businessnews.com.au/Company/Mission-NewEnergy) Energy offered
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23 July 2013
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Argent Energy, a pioneer of [large-scale business](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) production of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) in the UK, has been bought by a [green investment](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) firm.
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Argent, based near Motherwell, was offered to a subsidiary of [London-based John](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Swire & Sons for a [concealed](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) amount.
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Argent makes green roadway fuel by recycling wastes and [residues](https://www.google.com/search?kgmid=/m/0cqd_rb) such as [utilized cooking](https://www.bloomberg.com/profile/company/MNELF:US) oil and tallow from the [meat market](https://www.zoominfo.com/c/mission-newenergy/346542889).
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The firm will stay in private ownership and will continue to run individually.
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Its senior management, consisting of chairman Andy Hunter, managing director Jim Walker and [financial director](https://www.google.com/search?kgmid=/m/0cqd_rb) [Jim Boyd](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) are to remain with the [company](https://stocktwits.com/symbol/MNEL).
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Souter Investments, the [private investment](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) firm of [Sir Brian](https://forest500.org/rankings/companies/mission-newenergy-limited) Souter, [verified](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) it had actually [offered](https://forest500.org/rankings/companies/mission-newenergy-limited) its 37% stake in Argent.
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['Future](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) capacity'
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Mr Walker said the financial investment by John Swire [underlined Argent's](https://www.businessnews.com.au/Company/Mission-NewEnergy) strong market position, adding there was now a chance "to take Argent's abilities additional afield".
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Barnaby Swire, of John Swire, said his business was dedicated to "exploring and investing in innovative and practical green industries".
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He added: "We are delighted to be obtaining Argent Energy, a business which we believe can grow and flourish not just within the UK but likewise 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 workers a mix of qualities and values that are compatible with our own, and look [forward](https://www.zoominfo.com/c/mission-newenergy/346542889) to 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 along 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.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) 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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