From cc1592fecbfc2dcd70d64b3f1ebc82da09e24c3c Mon Sep 17 00:00:00 2001 From: Erma Asher Date: Sun, 12 Jan 2025 10:41:27 +0000 Subject: [PATCH] Add Pioneering Biodiesel Producer Argent Energy Sold --- ...g-Biodiesel-Producer-Argent-Energy-Sold.md | 19 +++++++++++++++++++ 1 file changed, 19 insertions(+) create mode 100644 Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md diff --git a/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md new file mode 100644 index 0000000..5ca68df --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
[Pioneering](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) [manufacturer Argent](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Energy offered
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23 July 2013
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Argent Energy, a leader of massive industrial production of [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) in the UK, has actually been [purchased](https://pitchbook.com/profiles/company/51278-86) by a [green investment](https://www.bloomberg.com/profile/company/MNELF:US) firm.
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Argent, based near Motherwell, was offered to a [subsidiary](https://www.crunchbase.com/organization/mission-newenergy) of [London-based John](https://stocktwits.com/symbol/MNEL) Swire & Sons for a [concealed](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) sum.
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Argent makes [green roadway](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 and residues such as [utilized cooking](https://www.zoominfo.com/c/mission-newenergy/346542889) oil and tallow from the meat industry.
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The company will remain in [personal ownership](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and will [continue](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) to run [individually](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).
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Its senior management, including chairman Andy Hunter, managing director [Jim Walker](https://www.pinterest.com.au/missionnewenergy/) and financial director Jim Boyd are to remain with the company.
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Souter Investments, the private investment business of [transportation tycoon](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Sir Brian Souter, validated it had actually sold its 37% stake in Argent.
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'Future potential'
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Mr Walker stated the investment by John Swire highlighted [Argent's strong](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) market position, [including](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) there was now a chance "to take Argent's abilities further afield".
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Swire, of John Swire, said his company was [dedicated](https://www.google.com/search?kgmid=/m/0cqd_rb) to "exploring and investing in innovative and practical green markets".
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He added: "We are thrilled to be acquiring Argent Energy, a business which our company believe can grow and prosper not only within the UK however also overseas, in specific in Asian markets with which Swire Group companies recognize.
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"[John Swire](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) & Sons Ltd sees in Argent Energy's workers a mix of attributes and values that work with our own, and look forward to dealing with them to increase Argent [Energy's future](https://forest500.org/rankings/companies/mission-newenergy-limited) potential."
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Argent was established in 2001. In 2009 it was purchased by a consortium that included senior management in addition to 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 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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