commit ac2764840c4a47a1ed3dfc34b8b1fef391da0c68 Author: kindraduff0801 Date: Thu Jan 9 12:20:56 2025 +0800 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..859ac0a --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
Pioneering biodiesel manufacturer Argent Energy sold
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23 July 2013
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Argent Energy, a leader of large-scale industrial production of biodiesel in the UK, has actually been purchased by a green investment firm.
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Argent, based near Motherwell, was sold to a subsidiary of London-based John Swire & Sons for an undisclosed sum.
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Argent makes green roadway fuel by [recycling wastes](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) and residues such as [utilized cooking](https://www.crunchbase.com/organization/mission-newenergy) oil and tallow from the [meat market](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).
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The firm will remain in private ownership and will continue to run individually.
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Its senior management, consisting of Hunter, handling director Jim Walker and financial director Jim Boyd are to remain with the company.
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Souter Investments, the [personal investment](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) firm of transportation magnate Sir Brian Souter, verified it had actually offered its 37% stake in Argent.
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'Future potential'
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Mr Walker said the financial investment by John Swire underlined [Argent's strong](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) market position, adding there was now an opportunity "to take Argent's skills additional afield".
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Barnaby Swire, of John Swire, stated his business was devoted to "checking out and purchasing ingenious and practical green industries".
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He included: "We are happy to be obtaining Argent Energy, a company which our company believe can grow and prosper not just within the UK however also overseas, in specific in Asian markets with which Swire Group business are familiar.
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"John Swire & Sons Ltd sees in Argent Energy's [employees](https://stocktwits.com/symbol/MNEL) a mix of qualities and worths that work with our own, and look forward to dealing with them to increase Argent Energy's future potential."
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Argent was established in 2001. In 2009 it was purchased by a consortium which included senior management in addition to 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.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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