commit 0f2a87f5b541818c406f973c277c6c2dc948d426 Author: johanna05o7014 Date: Sat Jan 11 12:56:08 2025 +0000 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..473814b --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
Pioneering [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) manufacturer Argent Energy offered
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23 July 2013
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Argent Energy, a pioneer of large-scale commercial [production](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) in the UK, has actually been purchased by a [green investment](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) [business](https://www.pinterest.com.au/missionnewenergy/).
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Argent, based near Motherwell, was [offered](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to a [subsidiary](https://pitchbook.com/profiles/company/51278-86) of [London-based John](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Swire & Sons for an sum.
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Argent makes green road fuel by recycling wastes and [residues](https://www.crunchbase.com/organization/mission-newenergy) such as [utilized](https://forest500.org/rankings/companies/mission-newenergy-limited) [cooking oil](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and tallow from the meat market.
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The firm will stay in personal ownership and will continue to run [separately](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).
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Its senior management, consisting of [chairman Andy](https://www.pinterest.com.au/missionnewenergy/) Hunter, handling director Jim Walker and financial director [Jim Boyd](https://pitchbook.com/profiles/company/51278-86) are to remain with the [company](https://www.zoominfo.com/c/mission-newenergy/346542889).
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Souter Investments, the private investment firm of transportation tycoon Sir Brian Souter, validated it had actually sold its 37% stake in Argent.
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'Future potential'
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Mr Walker said the investment by John Swire [highlighted Argent's](https://www.bloomberg.com/profile/company/MNELF:US) [strong market](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) position, adding there was now a chance "to take Argent's abilities additional afield".
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[Barnaby](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Swire, of John Swire, said his business was devoted to "checking out and purchasing ingenious and practical green industries".
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He added: "We are happy to be obtaining Argent Energy, a company which we think can grow and prosper not just within the UK but likewise overseas, in particular in Asian markets with which Swire Group business recognize.
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"John Swire & Sons Ltd sees in [Argent Energy's](https://stocktwits.com/symbol/MNEL) staff members a mix of attributes and worths that work with our own, and [anticipate dealing](https://forest500.org/rankings/companies/mission-newenergy-limited) with them to increase 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 in addition to Souter Investments.
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Its plant at Newarthill, near Motherwell, has the capacity to produce up to 50 million litres of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) 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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