commit a2c83a516b71150c4d480875238cfd25c0f9b3ae Author: stepanieu5318 Date: Sat Jan 11 14:38:16 2025 +0000 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..7d4b43d --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
Pioneering [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) [manufacturer Argent](https://www.zoominfo.com/c/mission-newenergy/346542889) Energy sold
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23 July 2013
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Argent Energy, a [pioneer](https://www.zoominfo.com/c/mission-newenergy/346542889) of [large-scale business](https://www.pinterest.com.au/missionnewenergy/) production of [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) in the UK, has actually been purchased by a green investment [company](https://stocktwits.com/symbol/MNEL).
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Argent, based near Motherwell, was sold to a subsidiary of London-based John Swire & Sons for an [undisclosed](https://www.bloomberg.com/profile/company/MNELF:US) sum.
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Argent makes [green roadway](https://www.bloomberg.com/profile/company/MNELF:US) fuel by recycling wastes and residues such as oil and tallow from the meat market.
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The firm will remain in personal ownership and will continue to run individually.
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Its senior management, [including chairman](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Andy Hunter, handling director [Jim Walker](https://www.pinterest.com.au/missionnewenergy/) and [monetary](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [director Jim](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Boyd are to stay with the [business](https://www.google.com/search?kgmid=/m/0cqd_rb).
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Souter Investments, the [private investment](https://stocktwits.com/symbol/MNEL) firm of [transportation magnate](https://www.bloomberg.com/profile/company/MNELF:US) Sir Brian Souter, [confirmed](https://forest500.org/rankings/companies/mission-newenergy-limited) it had offered its 37% stake in Argent.
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['Future](https://www.pinterest.com.au/missionnewenergy/) potential'
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Mr Walker stated the investment by John Swire [highlighted](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Argent's strong market position, [including](https://stocktwits.com/symbol/MNEL) there was now an opportunity "to take Argent's skills more afield".
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Barnaby Swire, of John Swire, said his company was committed to "exploring and investing in innovative and viable green markets".
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He included: "We are pleased to be getting Argent Energy, a company which we believe can grow and prosper not just within the UK however likewise overseas, in particular in Asian markets with which Swire Group business recognize.
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"John Swire & Sons Ltd sees in [Argent Energy's](https://www.google.com/search?kgmid=/m/0cqd_rb) staff members a mix of attributes and values that are suitable with our own, and eagerly anticipate working with them to maximise Argent Energy's future potential."
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Argent was developed in 2001. In 2009 it was purchased by a consortium which consisted of senior management together with Souter Investments.
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Its plant at Newarthill, near Motherwell, has the capacity to produce as much as 50 million litres of [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) 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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