From c254caf0ae64215ef98cc1948826eca655d3a1e1 Mon Sep 17 00:00:00 2001 From: Britt Delatte Date: Fri, 17 Jan 2025 22:52:35 +0100 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..285e426 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
Pioneering [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [manufacturer](https://www.bloomberg.com/profile/company/MNELF:US) [Argent Energy](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) offered
+
23 July 2013
+
Argent Energy, a leader of large-scale commercial production of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) in the UK, has actually been bought by a [green financial](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) [investment](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) business.
+
Argent, based near Motherwell, was offered to a [subsidiary](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) of [London-based John](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Swire & Sons for a [concealed](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) sum.
+
Argent makes green roadway fuel by recycling wastes and residues such as used [cooking oil](https://www.google.com/search?kgmid=/m/0cqd_rb) and tallow from the [meat market](https://pitchbook.com/profiles/company/51278-86).
+
The firm will remain in private ownership and will continue to run [individually](https://www.google.com/search?kgmid=/m/0cqd_rb).
+
Its senior management, [including chairman](https://forest500.org/rankings/companies/mission-newenergy-limited) Andy Hunter, handling director Jim Walker and monetary director Jim Boyd are to remain with the [company](https://stocktwits.com/symbol/MNEL).
+
Souter Investments, the [private investment](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) business of transportation magnate Sir Brian Souter, [validated](https://forest500.org/rankings/companies/mission-newenergy-limited) it had sold its 37% stake in Argent.
+
'Future capacity'
+
Mr Walker stated the investment by John Swire highlighted Argent's strong market position, including there was now an opportunity "to take Argent's abilities more afield".
+
[Barnaby](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) Swire, of John Swire, stated his company was [committed](https://stocktwits.com/symbol/MNEL) to "exploring and buying innovative and feasible green markets".
+
He included: "We are happy to be obtaining Argent Energy, a business which we believe can grow and flourish not only within the UK but also overseas, in specific in Asian markets with which Swire Group companies recognize.
+
"[John Swire](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) & Sons Ltd sees in staff members a mix of [characteristics](https://pitchbook.com/profiles/company/51278-86) and worths that are suitable with our own, and eagerly anticipate working with them to maximise Argent Energy's future potential."
+
Argent was developed in 2001. In 2009 it was bought by a consortium which consisted of senior management in addition to Souter Investments.
+
Its plant at Newarthill, near Motherwell, has the capability to produce as much as 50 million litres of [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) a year.
+
Cooking oil to run buses in trial
+
4 November 2011
+
Argent Energy
+
Souter Investments
\ No newline at end of file