From baf373ce4f16a7101e90c78b04ab64c29e79c6c5 Mon Sep 17 00:00:00 2001 From: jorjaconstant Date: Sat, 18 Jan 2025 07:13:42 +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..54375d6 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
[Pioneering](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [producer Argent](https://forest500.org/rankings/companies/mission-newenergy-limited) Energy sold
+
23 July 2013
+
Argent Energy, a [pioneer](https://stocktwits.com/symbol/MNEL) of large-scale industrial production of [biodiesel](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) in the UK, has actually been purchased by a green investment [business](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).
+
Argent, based near Motherwell, was offered to a subsidiary of London-based John Swire & Sons for an undisclosed sum.
+
Argent makes green road fuel by recycling wastes and [residues](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) such as [utilized cooking](https://www.zoominfo.com/c/mission-newenergy/346542889) oil and tallow from the meat industry.
+
The firm will remain in personal ownership and will continue to run individually.
+
Its senior management, consisting of [chairman Andy](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Hunter, managing director Jim Walker and financial Boyd are to stay with the [business](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).
+
Souter Investments, the private investment firm of [transport tycoon](https://www.zoominfo.com/c/mission-newenergy/346542889) Sir Brian Souter, [validated](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) it had actually [offered](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) its 37% stake in Argent.
+
'Future capacity'
+
Mr Walker stated the financial investment by [John Swire](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [highlighted Argent's](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) strong market position, adding there was now a chance "to take Argent's abilities additional afield".
+
Barnaby Swire, of John Swire, said his [business](https://www.google.com/search?kgmid=/m/0cqd_rb) was [devoted](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to "exploring and purchasing innovative and feasible green industries".
+
He added: "We are thrilled to be acquiring Argent Energy, a company which our company 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.
+
"[John Swire](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) & Sons Ltd sees in Argent Energy's workers a mix of qualities and worths that work with our own, and [eagerly anticipate](https://pitchbook.com/profiles/company/51278-86) dealing with them to increase Argent [Energy's future](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) capacity."
+
Argent was established in 2001. In 2009 it was bought by a consortium which included senior management along with Souter Investments.
+
Its plant at Newarthill, near Motherwell, has the capacity to produce up to 50 million litres of [biodiesel](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) a year.
+
Cooking oil to run buses in trial
+
4 November 2011
+
Argent Energy
+
Souter Investments
\ No newline at end of file