From 07d53d45e578307bbca12f0aa633d2320265a9c7 Mon Sep 17 00:00:00 2001 From: Dyan Zaleski Date: Sun, 12 Jan 2025 13:13:39 +0800 Subject: [PATCH] Update 'Pioneering Biodiesel Producer Argent Energy Sold' --- ...g-Biodiesel-Producer-Argent-Energy-Sold.md | 26 +++++++++---------- 1 file changed, 13 insertions(+), 13 deletions(-) diff --git a/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md index 000f41d..269932e 100644 --- a/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -1,18 +1,18 @@ -
Pioneering biodiesel producer Argent Energy offered
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Pioneering [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) [manufacturer Argent](https://pitchbook.com/profiles/company/51278-86) Energy offered

23 July 2013
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Argent Energy, a pioneer of [large-scale business](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) production of [biodiesel](https://www.bloomberg.com/profile/company/MNELF:US) in the UK, has actually been bought by a [green investment](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) firm.
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Argent, based near Motherwell, was sold to a [subsidiary](https://www.google.com/search?kgmid=/m/0cqd_rb) of [London-based John](https://www.pinterest.com.au/missionnewenergy/) Swire & Sons for a [concealed](https://forest500.org/rankings/companies/mission-newenergy-limited) amount.
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Argent makes [green road](https://www.crunchbase.com/organization/mission-newenergy) fuel by recycling wastes and residues such as utilized cooking oil and tallow from the [meat industry](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).
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The [company](https://www.crunchbase.com/organization/mission-newenergy) will remain in personal ownership and will continue to run separately.
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Its senior management, [including chairman](https://www.pinterest.com.au/missionnewenergy/) Andy Hunter, [managing director](https://stocktwits.com/symbol/MNEL) Jim Walker and director Jim Boyd are to stay with the company.
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Souter Investments, the private financial investment business of transport tycoon [Sir Brian](https://forest500.org/rankings/companies/mission-newenergy-limited) Souter, validated it had offered its 37% stake in Argent.
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Argent Energy, a pioneer of massive commercial [production](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) in the UK, has been bought by a [green investment](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) firm.
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Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Swire & Sons for a concealed amount.
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Argent makes green roadway fuel by recycling wastes and residues such as oil and tallow from the meat industry.
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The company will remain in private ownership and will continue to run [independently](https://stocktwits.com/symbol/MNEL).
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Its senior management, including chairman Andy Hunter, managing director [Jim Walker](https://forest500.org/rankings/companies/mission-newenergy-limited) and financial director [Jim Boyd](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) are to stay with the [business](https://forest500.org/rankings/companies/mission-newenergy-limited).
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Souter Investments, the private financial [investment company](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of [transport tycoon](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [Sir Brian](https://www.businessnews.com.au/Company/Mission-NewEnergy) Souter, [confirmed](https://www.bloomberg.com/profile/company/MNELF:US) it had actually sold its 37% stake in Argent.

'Future capacity'
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Mr Walker stated the financial investment by John Swire [underlined](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Argent's strong market position, [including](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) there was now a chance "to take Argent's skills further afield".
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[Barnaby](https://www.bloomberg.com/profile/company/MNELF:US) Swire, of John Swire, stated his company was [devoted](https://www.bloomberg.com/profile/company/MNELF:US) to "checking out and buying ingenious and practical green markets".
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He included: "We are pleased to be acquiring Argent Energy, a company which our company believe can grow and succeed not just within the UK however also overseas, in particular in Asian markets with which Swire Group companies are familiar.
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"John Swire & Sons Ltd sees in [Argent Energy's](https://www.google.com/search?kgmid=/m/0cqd_rb) [employees](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) a mix of [qualities](https://www.crunchbase.com/organization/mission-newenergy) and values that work with our own, and eagerly anticipate dealing with them to maximise Argent [Energy's future](https://stocktwits.com/symbol/MNEL) potential."
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Argent was established in 2001. In 2009 it was purchased by a consortium which consisted of 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](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) a year.
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Mr Walker said the investment by John Swire underlined Argent's strong market position, adding there was now an [opportunity](https://www.businessnews.com.au/Company/Mission-NewEnergy) "to take Argent's abilities further afield".
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[Barnaby](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Swire, of John Swire, said his business was devoted to "exploring and purchasing innovative and feasible green industries".
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He included: "We are delighted to be getting Argent Energy, a business which our company believe can grow and succeed not just within the UK but also overseas, in particular in Asian markets with which Swire Group companies recognize.
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"[John Swire](https://forest500.org/rankings/companies/mission-newenergy-limited) & Sons Ltd sees in [Argent Energy's](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [employees](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) a mix of [characteristics](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and worths that work with our own, and anticipate working with them to maximise Argent Energy's future potential."
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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 capacity to produce up to 50 million litres of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) a year.

Cooking oil to run buses in trial

4 November 2011

Argent Energy