commit 42fa1d6d9c48b44444f52b054ff5998e1912b18e Author: richardstuder Date: Sun Jan 12 01:23:18 2025 +0300 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..ebac01a --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
[Pioneering](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [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.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) 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 investment](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) firm.
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Argent, based near Motherwell, was offered to a subsidiary of [London-based John](https://pitchbook.com/profiles/company/51278-86) Swire & Sons for an [undisclosed](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) sum.
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Argent makes green road fuel by recycling wastes and residues such as used [cooking oil](https://www.pinterest.com.au/missionnewenergy/) and tallow from the [meat market](https://www.pinterest.com.au/missionnewenergy/).
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The firm will remain in personal ownership and will [continue](https://pitchbook.com/profiles/company/51278-86) to run independently.
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Its senior management, [including chairman](https://pitchbook.com/profiles/company/51278-86) Andy Hunter, [handling director](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Jim Walker and [monetary director](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Jim Boyd are to stay with the [business](https://stocktwits.com/symbol/MNEL).
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Souter Investments, the [private investment](https://www.pinterest.com.au/missionnewenergy/) firm of transportation tycoon Sir Brian Souter, [verified](https://www.crunchbase.com/organization/mission-newenergy) it had actually sold its 37% stake in Argent.
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'Future capacity'
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Mr Walker said the financial investment by John Swire [highlighted Argent's](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) strong market position, [including](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) there was now a chance "to take Argent's skills more afield".
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[Barnaby](https://pitchbook.com/profiles/company/51278-86) Swire, of John Swire, said his company was devoted to "exploring and buying ingenious and feasible green industries".
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He added: "We are pleased to be obtaining Argent Energy, a company which we think can grow and prosper not only 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 staff members a mix of attributes and values that work 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 that included senior management together with 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://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) 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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