commit a6c1d8233857b55475c1998c39faeb8b4c318f00 Author: darylfitts437 Date: Sat Jan 18 10:29:13 2025 +0900 Update '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..c518cdf --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
[Pioneering](https://forest500.org/rankings/companies/mission-newenergy-limited) [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) [manufacturer Argent](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Energy sold
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23 July 2013
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Argent Energy, a [pioneer](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of large-scale industrial production of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has been [purchased](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) by a green investment firm.
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Argent, based near Motherwell, was offered to a [subsidiary](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of London-based John Swire & Sons for an undisclosed amount.
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Argent makes green roadway fuel by [recycling wastes](https://www.bloomberg.com/profile/company/MNELF:US) and residues such as used cooking oil and tallow from the meat market.
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The [company](https://www.crunchbase.com/organization/mission-newenergy) will remain in [personal ownership](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and will [continue](https://www.zoominfo.com/c/mission-newenergy/346542889) to run [separately](https://pitchbook.com/profiles/company/51278-86).
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Its senior management, consisting of chairman Andy Hunter, handling director Jim Walker and financial director [Jim Boyd](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) are to stay with the company.
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Souter Investments, the [personal investment](https://www.bloomberg.com/profile/company/MNELF:US) firm of [transport magnate](https://www.pinterest.com.au/missionnewenergy/) [Sir Brian](https://www.bloomberg.com/profile/company/MNELF:US) Souter, [verified](https://stocktwits.com/symbol/MNEL) it had sold its 37% stake in Argent.
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'Future potential'
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Mr Walker said the [financial investment](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) by John Swire highlighted Argent's strong market position, [including](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) there was now an opportunity "to take Argent's skills additional afield".
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Barnaby Swire, of John Swire, said his company was dedicated to "exploring and purchasing ingenious and feasible green markets".
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He added: "We are pleased to be getting Argent Energy, a business which we believe can grow and succeed not just within the UK however likewise overseas, in specific in Asian markets with which Swire Group business are familiar.
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"John Swire & Sons Ltd sees in [Argent Energy's](https://www.zoominfo.com/c/mission-newenergy/346542889) staff members a mix of and values that work with our own, and eagerly anticipate working with them to maximise 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 in addition to Souter Investments.
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Its plant at Newarthill, near Motherwell, has the capability to produce up to 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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