From 703d722d78eeb6fc8f586896ccd5bf908e430891 Mon Sep 17 00:00:00 2001 From: Fanny Hinz Date: Sat, 18 Jan 2025 04:53:23 +0800 Subject: [PATCH] Add Pioneering Biodiesel Producer Argent Energy Sold --- ...g-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..00470c7 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
[Pioneering biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [manufacturer Argent](https://pitchbook.com/profiles/company/51278-86) Energy sold
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23 July 2013
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Argent Energy, a pioneer of large-scale business [production](https://www.crunchbase.com/organization/mission-newenergy) of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) in the UK, has been [purchased](https://www.pinterest.com.au/missionnewenergy/) by a green investment firm.
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Argent, based near Motherwell, was offered to a subsidiary of [London-based John](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Swire & Sons for an [undisclosed](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) amount.
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Argent makes green road fuel by [recycling wastes](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) and [residues](https://www.businessnews.com.au/Company/Mission-NewEnergy) such as [utilized cooking](https://www.pinterest.com.au/missionnewenergy/) oil and tallow from the meat market.
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The firm will stay in private ownership and will continue to run separately.
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Its senior management, including chairman Andy Hunter, managing director Jim Walker and [financial director](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [Jim Boyd](https://www.businessnews.com.au/Company/Mission-NewEnergy) are to stay with the [company](https://www.crunchbase.com/organization/mission-newenergy).
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Souter Investments, the personal investment firm of [transportation tycoon](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Sir Brian Souter, [validated](https://www.bloomberg.com/profile/company/MNELF:US) it had actually [offered](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) its 37% stake in Argent.
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['Future](https://www.crunchbase.com/organization/mission-newenergy) capacity'
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Mr [Walker stated](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) the financial investment by John Swire underlined Argent's strong market position, including there was now a chance "to take Argent's skills further afield".
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Swire, of John Swire, stated his company was committed to "exploring and buying innovative and practical green industries".
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He included: "We are thrilled to be obtaining Argent Energy, a company which we think can grow and prosper not just within the UK however likewise overseas, in specific in Asian markets with which Swire Group business are familiar.
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"[John Swire](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) & Sons Ltd sees in Argent Energy's staff members a mix of attributes and worths that work with our own, and look forward to dealing with them to [increase Argent](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [Energy's future](https://www.zoominfo.com/c/mission-newenergy/346542889) capacity."
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Argent was developed in 2001. In 2009 it was purchased by a consortium that included senior management in addition to Souter Investments.
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Its plant at Newarthill, near Motherwell, has the capacity to produce up to 50 million litres of biodiesel 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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