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Add Pioneering Biodiesel Producer Argent Energy Sold

Paige Waltman 2025-01-18 14:08:15 +08:00
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Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md Normal file

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<br>Pioneering [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) [manufacturer](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [Argent Energy](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) offered<br>
<br>23 July 2013<br>
<br>Argent Energy, a [pioneer](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) of [massive industrial](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [production](https://forest500.org/rankings/companies/mission-newenergy-limited) of [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) in the UK, has actually been purchased by a green financial investment company.<br>
<br>Argent, based near Motherwell, was [offered](https://forest500.org/rankings/companies/mission-newenergy-limited) to a subsidiary of London-based John Swire & Sons for a [concealed](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) amount.<br>
<br>Argent makes [green roadway](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) fuel by [recycling wastes](https://www.google.com/search?kgmid=/m/0cqd_rb) and residues such as utilized cooking oil and tallow from the meat market.<br>
<br>The firm will remain in private ownership and will [continue](https://stocktwits.com/symbol/MNEL) to run individually.<br>
<br>Its senior management, consisting of [chairman Andy](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Hunter, managing director Jim Walker and financial director Jim Boyd are to remain with the [business](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
<br>Souter Investments, the private investment firm of [transport magnate](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Sir Brian Souter, [validated](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) it had [offered](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) its 37% stake in Argent.<br>
<br>'Future potential'<br>
<br>Mr Walker stated the [investment](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) by John Swire [highlighted](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Argent's [strong market](https://www.businessnews.com.au/Company/Mission-NewEnergy) position, including there was now a chance "to take Argent's skills additional afield".<br>
<br> Swire, of John Swire, stated his company was devoted to "checking out and purchasing innovative and viable green markets".<br>
<br>He added: "We are happy to be getting Argent Energy, a company which our company believe can grow and succeed not only within the UK however also overseas, in particular in Asian markets with which Swire Group companies are familiar.<br>
<br>"John Swire & Sons Ltd sees in Argent Energy's staff members a mix of attributes and values that work with our own, and look forward to working with them to increase Argent Energy's future capacity."<br>
<br>Argent was developed in 2001. In 2009 it was purchased by a consortium that included senior management in addition to Souter Investments.<br>
<br>Its plant at Newarthill, near Motherwell, has the capability to produce as much as 50 million litres of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) a year.<br>
<br>Cooking oil to run buses in trial<br>
<br>4 November 2011<br>
<br>Argent Energy<br>
<br>Souter Investments<br>