From 5bde41e4164c1112af91cbfc081685567168cdb0 Mon Sep 17 00:00:00 2001 From: weldonbrand55 Date: Sun, 12 Jan 2025 11:39:13 +0800 Subject: [PATCH] Add Pioneering Biodiesel Producer Argent Energy Sold --- Pioneering-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..c1b801f --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
[Pioneering biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [manufacturer Argent](https://www.crunchbase.com/organization/mission-newenergy) Energy offered
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23 July 2013
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Argent Energy, a leader of large-scale business [production](https://www.pinterest.com.au/missionnewenergy/) of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) in the UK, has been purchased by a [green investment](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) business.
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Argent, based near Motherwell, was offered to a subsidiary of London-based John Swire & Sons for a concealed amount.
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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](https://www.bloomberg.com/profile/company/MNELF:US) and residues such as [utilized cooking](https://forest500.org/rankings/companies/mission-newenergy-limited) oil and tallow from the [meat industry](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).
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The firm will remain in private ownership and will continue to run [individually](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).
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Its senior management, consisting of [chairman Andy](https://www.bloomberg.com/profile/company/MNELF:US) Hunter, managing director [Jim Walker](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and monetary director [Jim Boyd](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) are to remain with the business.
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Souter Investments, the private financial investment business of transport [magnate Sir](https://www.crunchbase.com/organization/mission-newenergy) Brian Souter, [validated](https://www.google.com/search?kgmid=/m/0cqd_rb) it had actually [offered](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) its 37% stake in Argent.
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'Future capacity'
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Mr Walker said the by John Swire underlined Argent's strong market position, adding there was now a chance "to take Argent's skills more afield".
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Barnaby Swire, of John Swire, stated his business was devoted to "checking out and investing in innovative and practical green markets".
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He included: "We are pleased to be getting Argent Energy, a business which our company believe can grow and prosper not only within the UK but also overseas, in specific in Asian markets with which Swire Group business are familiar.
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"[John Swire](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) & Sons Ltd sees in Argent Energy's [employees](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) a mix of characteristics and worths that are [suitable](https://www.pinterest.com.au/missionnewenergy/) with our own, and [eagerly anticipate](https://www.pinterest.com.au/missionnewenergy/) 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 which consisted of senior management together with Souter Investments.
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Its plant at Newarthill, near Motherwell, has the capacity to produce approximately 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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