commit 312907b1c6eed7b39ee3720f6cb76890e960ea58 Author: felishamcanult Date: Sun Jan 12 18:57:38 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..0b35ee8 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
Pioneering [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) producer Argent Energy offered
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23 July 2013
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Argent Energy, a leader of [large-scale business](https://www.businessnews.com.au/Company/Mission-NewEnergy) [production](https://stocktwits.com/symbol/MNEL) of [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) in the UK, has actually been bought by a [green financial](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) investment business.
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Argent, based near Motherwell, was [offered](https://www.bloomberg.com/profile/company/MNELF:US) to a [subsidiary](https://www.crunchbase.com/organization/mission-newenergy) of London-based John Swire & Sons for a [concealed](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) sum.
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Argent makes [green road](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) fuel by recycling wastes and residues such as used [cooking oil](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and tallow from the [meat market](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).
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The firm will remain in [private ownership](https://www.google.com/search?kgmid=/m/0cqd_rb) and will continue to run independently.
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Its senior management, including chairman Andy Hunter, [managing director](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Jim Walker and [financial](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [director Jim](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) Boyd are to remain with the company.
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Souter Investments, the private investment firm of transport magnate Souter, confirmed it had offered its 37% stake in Argent.
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['Future](https://www.google.com/search?kgmid=/m/0cqd_rb) potential'
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Mr Walker said the financial investment by John Swire highlighted Argent's strong market position, [including](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) there was now a chance "to take Argent's skills more afield".
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[Barnaby](https://www.crunchbase.com/organization/mission-newenergy) Swire, of John Swire, said his business was devoted to "checking out and investing in innovative and viable green industries".
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He included: "We are delighted to be obtaining Argent Energy, a company which our company believe can grow and succeed 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 & Sons Ltd sees in Argent Energy's [workers](https://www.businessnews.com.au/Company/Mission-NewEnergy) a mix of characteristics and values that are compatible with our own, and [anticipate dealing](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) with them to maximise Argent Energy's future capacity."
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Argent was established in 2001. In 2009 it was purchased by a consortium which consisted of senior management along with Souter Investments.
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Its plant at Newarthill, near Motherwell, has the capability 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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