commit 8942109832dd13be64eb328c36d99f02be9daccd Author: bettiedowie431 Date: Sat Jan 18 08:13:54 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..a8c678c --- /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/) producer Argent Energy sold
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23 July 2013
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Argent Energy, a pioneer of large-scale business production 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) in the UK, has 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 amount.
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Argent makes [green road](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) fuel by recycling wastes and residues such as used [cooking oil](https://www.pinterest.com.au/missionnewenergy/) and tallow from the meat market.
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The company will remain in personal ownership and will continue to run independently.
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Its senior management, including chairman Andy Hunter, managing director Jim Walker and monetary [director Jim](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Boyd are to remain with the [business](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).
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Souter Investments, the personal investment firm of [transportation tycoon](https://forest500.org/rankings/companies/mission-newenergy-limited) Sir Brian Souter, [verified](https://www.crunchbase.com/organization/mission-newenergy) it had [offered](https://www.bloomberg.com/profile/company/MNELF:US) its 37% stake in Argent.
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'Future potential'
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Mr Walker said the [financial investment](https://pitchbook.com/profiles/company/51278-86) by [John Swire](https://www.businessnews.com.au/Company/Mission-NewEnergy) strong market position, [including](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) there was now a chance "to take Argent's skills additional afield".
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[Barnaby](https://www.pinterest.com.au/missionnewenergy/) Swire, of John Swire, said his [company](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) was committed to "checking out and investing in innovative and viable green industries".
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He added: "We are happy to be acquiring Argent Energy, a business which we believe can grow and flourish not just within the UK however likewise overseas, in specific in Asian markets with which Swire Group business recognize.
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"[John Swire](https://www.crunchbase.com/organization/mission-newenergy) & Sons Ltd sees in [Argent Energy's](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) staff members a mix of [qualities](https://www.pinterest.com.au/missionnewenergy/) and values that are [suitable](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) with our own, and look forward to [dealing](https://www.zoominfo.com/c/mission-newenergy/346542889) with them to maximise Argent [Energy's future](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) capacity."
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Argent was established in 2001. In 2009 it was purchased by a consortium that 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://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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