From bb45e3194ba0349ba6a5cd543d69ca7a90fefe23 Mon Sep 17 00:00:00 2001 From: annettmasel463 Date: Sun, 12 Jan 2025 04:22:18 +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..061f28e --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
[Pioneering](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [producer](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [Argent Energy](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) sold
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23 July 2013
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Argent Energy, a leader of massive commercial production of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has been [purchased](https://www.businessnews.com.au/Company/Mission-NewEnergy) by a [green financial](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) investment business.
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Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://www.pinterest.com.au/missionnewenergy/) Swire & Sons for an undisclosed amount.
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Argent makes [green road](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) fuel by [recycling wastes](https://www.businessnews.com.au/Company/Mission-NewEnergy) and [residues](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) such as used cooking oil and tallow from the [meat industry](https://pitchbook.com/profiles/company/51278-86).
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The [company](https://www.google.com/search?kgmid=/m/0cqd_rb) will stay in personal ownership and will continue to run individually.
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Its senior management, [consisting](https://www.pinterest.com.au/missionnewenergy/) of chairman Andy Hunter, handling director Jim Walker and monetary director Jim Boyd are to stay with the business.
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Souter Investments, the firm of transportation magnate Sir Brian Souter, verified it had offered its 37% stake in Argent.
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['Future](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) capacity'
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Mr Walker stated the financial [investment](https://www.bloomberg.com/profile/company/MNELF:US) by John Swire underlined Argent's strong market position, [including](https://www.google.com/search?kgmid=/m/0cqd_rb) there was now a chance "to take Argent's skills additional afield".
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Barnaby Swire, of John Swire, said his business was devoted to "checking out and investing in ingenious and viable green industries".
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He added: "We are thrilled to be acquiring Argent Energy, a business which we think can grow and flourish not only within the UK however likewise overseas, in particular in Asian markets with which Swire Group companies recognize.
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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 a mix of attributes and worths that work with our own, and anticipate dealing with them to maximise [Argent Energy's](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [future capacity](https://www.pinterest.com.au/missionnewenergy/)."
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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 approximately 50 million litres of [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) 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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