From 9348fafb5ab6286c66f4b8e020ff6df1f99bb9a0 Mon Sep 17 00:00:00 2001 From: Christy McCabe Date: Fri, 10 Jan 2025 20:58:33 +0000 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..8618acf --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
[Pioneering](https://www.google.com/search?kgmid=/m/0cqd_rb) [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [producer Argent](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Energy offered
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23 July 2013
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Argent Energy, a leader of massive industrial [production](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of [biodiesel](https://www.pinterest.com.au/missionnewenergy/) in the UK, has actually been bought by a [green investment](https://www.crunchbase.com/organization/mission-newenergy) firm.
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Argent, based near Motherwell, was offered to a [subsidiary](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) of [London-based John](https://www.crunchbase.com/organization/mission-newenergy) Swire & Sons for an [undisclosed](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) sum.
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Argent makes [green road](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) fuel by recycling wastes and residues such as used and tallow from the meat market.
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The firm will remain in private ownership and will [continue](https://www.businessnews.com.au/Company/Mission-NewEnergy) to run [individually](https://pitchbook.com/profiles/company/51278-86).
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Its senior management, including chairman Andy Hunter, [managing director](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) Jim Walker and monetary director Jim Boyd are to remain with the company.
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Souter Investments, the private investment business of transport magnate Sir Brian Souter, [validated](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) it had actually offered its 37% stake in Argent.
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['Future](https://www.google.com/search?kgmid=/m/0cqd_rb) potential'
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Mr Walker said the [investment](https://pitchbook.com/profiles/company/51278-86) by John Swire underlined [Argent's strong](https://www.crunchbase.com/organization/mission-newenergy) market position, adding there was now an opportunity "to take Argent's abilities further 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 "checking out and investing in innovative and practical green markets".
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He included: "We are thrilled to be obtaining Argent Energy, a company which our company believe can grow and flourish 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](https://www.google.com/search?kgmid=/m/0cqd_rb) & Sons Ltd sees in Argent Energy's employees a mix of characteristics and worths that work with our own, and look forward to dealing with them to increase Argent Energy's future [capacity](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/)."
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Argent was developed in 2001. In 2009 it was bought by a consortium which included senior management along with Souter Investments.
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Its plant at Newarthill, near Motherwell, has the capacity 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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