commit 78f3c0fb05ea5fa3e35aeeafd23a518dfa1dc4a0 Author: dongilberto763 Date: Sat Jan 18 23:44:51 2025 +0800 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..42cf4e0 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
Pioneering [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [producer Argent](https://www.crunchbase.com/organization/mission-newenergy) Energy offered
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23 July 2013
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Argent Energy, a pioneer of massive industrial 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 bought by a green financial investment business.
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Argent, based near Motherwell, was offered to a [subsidiary](https://www.pinterest.com.au/missionnewenergy/) of London-based John Swire & Sons for a concealed amount.
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Argent makes green roadway fuel by recycling wastes and residues such as [utilized cooking](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) oil and tallow from the meat industry.
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The [company](https://stocktwits.com/symbol/MNEL) will remain in private ownership and will continue to run [individually](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).
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Its senior management, consisting of chairman Andy Hunter, handling [director Jim](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Walker and [monetary director](https://stocktwits.com/symbol/MNEL) [Jim Boyd](https://www.crunchbase.com/organization/mission-newenergy) are to stay with the [business](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).
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Souter Investments, the [personal investment](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) firm of [transport magnate](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Sir Brian Souter, [confirmed](https://www.pinterest.com.au/missionnewenergy/) it had sold its 37% stake in Argent.
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'Future 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 [highlighted Argent's](https://www.pinterest.com.au/missionnewenergy/) strong market position, including there was now an opportunity "to take Argent's skills more afield".
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Barnaby Swire, of John Swire, said his [company](https://www.google.com/search?kgmid=/m/0cqd_rb) was committed to "exploring and purchasing ingenious and practical green markets".
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He included: "We are thrilled to be getting Argent Energy, a business which our company believe can grow and succeed not just within the UK however likewise overseas, in specific in Asian markets with which Swire Group companies are familiar.
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"[John Swire](https://www.businessnews.com.au/Company/Mission-NewEnergy) & Sons Ltd sees in [Argent Energy's](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) a mix of qualities and values that are compatible with our own, and anticipate dealing with them to [increase](https://www.google.com/search?kgmid=/m/0cqd_rb) Argent Energy's future capacity."
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Argent was established in 2001. In 2009 it was bought by a consortium which included senior management together with Souter Investments.
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Its plant at Newarthill, near Motherwell, has the capability to produce as much as 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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