commit 69f36c1f63b187ae63bd9760f727ce4707e9881b Author: garyblau920364 Date: Sat Jan 11 08:31:26 2025 -0500 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..01989ba --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
[Pioneering](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [producer Argent](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Energy offered
+
23 July 2013
+
Argent Energy, a pioneer of massive business production of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) in the UK, has been [purchased](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) by a green investment firm.
+
Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://www.businessnews.com.au/Company/Mission-NewEnergy) Swire & Sons for an [undisclosed](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) amount.
+
Argent makes green road fuel by recycling wastes and residues such as utilized cooking oil and tallow from the meat market.
+
The [company](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) will stay in private ownership and will [continue](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to run individually.
+
Its senior management, including chairman Andy Hunter, [managing director](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Jim Walker and [financial director](https://forest500.org/rankings/companies/mission-newenergy-limited) Jim Boyd are to stay with the [business](https://www.google.com/search?kgmid=/m/0cqd_rb).
+
Souter Investments, the personal investment firm of transportation magnate Sir Brian Souter, [validated](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) it had actually sold its 37% stake in Argent.
+
['Future](https://forest500.org/rankings/companies/mission-newenergy-limited) capacity'
+
Mr Walker said the [financial investment](https://www.bloomberg.com/profile/company/MNELF:US) by [John Swire](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) underlined Argent's strong market position, [including](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) there was now a chance "to take Argent's skills further afield".
+
[Barnaby](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Swire, of John Swire, said his [company](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) was committed to "checking out and investing in ingenious and feasible green industries".
+
He added: "We are pleased to be getting Argent Energy, a company which we believe can grow and succeed not just within the UK but likewise overseas, in specific in Asian markets with which Swire Group business are familiar.
+
" & Sons Ltd sees in Argent Energy's workers a mix of qualities and values that work with our own, and [anticipate dealing](https://stocktwits.com/symbol/MNEL) with them to maximise Argent Energy's future capacity."
+
Argent was established in 2001. In 2009 it was bought by a consortium which included senior management in addition to Souter Investments.
+
Its plant at Newarthill, near Motherwell, has the capability to produce as much as 50 million litres of [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) a year.
+
Cooking oil to run buses in trial
+
4 November 2011
+
Argent Energy
+
Souter Investments
\ No newline at end of file