commit e8a76777a479666eacb735c8749c0ce9cd2f87c8 Author: jeannettesherr Date: Fri Jan 17 19:06:14 2025 -0600 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..bcbc65d --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
Pioneering [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [producer Argent](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Energy offered
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23 July 2013
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Argent Energy, a pioneer of massive commercial production of [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) in the UK, has actually been purchased by a green financial investment [business](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).
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Argent, based near Motherwell, was sold to a subsidiary of London-based John Swire & Sons for an [undisclosed](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) amount.
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Argent makes [green road](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) fuel by [recycling wastes](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and residues such as used cooking oil and tallow from the meat market.
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The firm will stay in personal ownership and will [continue](https://pitchbook.com/profiles/company/51278-86) to run independently.
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Its senior management, [consisting](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) of [chairman Andy](https://pitchbook.com/profiles/company/51278-86) Hunter, handling director Jim Walker and [monetary director](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) Jim Boyd are to remain with the business.
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Souter Investments, the [personal 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 of [transport magnate](https://www.google.com/search?kgmid=/m/0cqd_rb) [Sir Brian](https://www.zoominfo.com/c/mission-newenergy/346542889) Souter, [validated](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) it had actually sold its 37% stake in Argent.
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'Future potential'
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Mr Walker stated the financial investment by [John Swire](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) underlined Argent's [strong market](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) position, [including](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) there was now a chance "to take Argent's skills further afield".
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Barnaby Swire, of John Swire, stated his was committed to "checking out and investing in innovative and feasible green markets".
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He included: "We are delighted 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 companies are familiar.
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"[John Swire](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) & Sons Ltd sees in [Argent Energy's](https://www.bloomberg.com/profile/company/MNELF:US) employees a mix of attributes and values that work with our own, and eagerly anticipate working with them to maximise Argent Energy's future capacity."
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Argent was developed in 2001. In 2009 it was bought by a consortium that included senior management in addition to Souter Investments.
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Its plant at Newarthill, near Motherwell, has the capability to produce approximately 50 million litres of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) 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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