commit afe03f64a76d521335d8a84a24aaee9e930a8cc7 Author: mosemcewen0059 Date: Sat Jan 11 19:23:57 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..a9c23e9 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
[Pioneering](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [producer Argent](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Energy sold
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23 July 2013
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Argent Energy, a leader of [massive commercial](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) production of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has actually been purchased by a [green investment](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) firm.
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Argent, based near Motherwell, was offered to a [subsidiary](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of [London-based John](https://www.google.com/search?kgmid=/m/0cqd_rb) Swire & Sons for an undisclosed sum.
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Argent makes green road fuel by recycling wastes and residues such as used cooking oil and tallow from the [meat industry](https://www.businessnews.com.au/Company/Mission-NewEnergy).
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The firm will remain in [private ownership](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and will continue to run [separately](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).
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Its senior management, including chairman Andy Hunter, handling director Jim Walker and financial director Jim Boyd are to stay with the company.
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Souter Investments, the [personal investment](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [company](https://www.pinterest.com.au/missionnewenergy/) of [transportation magnate](https://www.businessnews.com.au/Company/Mission-NewEnergy) Sir Brian Souter, [verified](https://www.businessnews.com.au/Company/Mission-NewEnergy) it had sold 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 [investment](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) by John Swire underlined Argent's strong market position, adding there was now a chance "to take Argent's abilities more 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.investing.com/equities/mission-newenergy-ltd-company-profile) to "checking out and purchasing innovative and feasible green industries".
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He added: "We are pleased to be getting Argent Energy, a business which our company believe can grow and succeed not just within the UK but likewise overseas, in specific in Asian markets with which Swire Group business recognize.
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"John Swire & Sons Ltd sees in Argent Energy's [workers](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) a mix of and values that work with our own, and look forward to working with them to increase 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 capability to produce approximately 50 million litres of [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) 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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