commit 5e4c5af3149f4ddf04b94d59e5e0d8661f557e02 Author: samuelcelestin Date: Sat Jan 18 03:53:27 2025 +0000 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..2c1c6d8 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
Pioneering [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [producer](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [Argent Energy](https://forest500.org/rankings/companies/mission-newenergy-limited) sold
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23 July 2013
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Argent Energy, a leader of massive business [production](https://www.bloomberg.com/profile/company/MNELF:US) of in the UK, has been bought by a [green investment](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) firm.
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Argent, based near Motherwell, was offered to a [subsidiary](https://stocktwits.com/symbol/MNEL) of [London-based John](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Swire & Sons for an undisclosed sum.
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Argent makes green roadway fuel by recycling wastes and residues such as [utilized cooking](https://www.bloomberg.com/profile/company/MNELF:US) oil and tallow from the [meat industry](https://www.zoominfo.com/c/mission-newenergy/346542889).
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The firm will remain in personal ownership and will continue to run individually.
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Its senior management, [consisting](https://pitchbook.com/profiles/company/51278-86) of chairman Andy Hunter, managing director Jim Walker and financial director Jim Boyd are to remain with the [company](https://www.businessnews.com.au/Company/Mission-NewEnergy).
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Souter Investments, the personal investment company of [transport magnate](https://www.businessnews.com.au/Company/Mission-NewEnergy) [Sir Brian](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Souter, confirmed it had actually sold its 37% stake in Argent.
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'Future potential'
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Mr Walker said the investment by John Swire highlighted Argent's strong market position, including there was now a chance "to take Argent's abilities further afield".
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Barnaby Swire, of John Swire, stated his [business](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) was [dedicated](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to "checking out and buying ingenious and feasible green markets".
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He included: "We are thrilled to be acquiring Argent Energy, a company which our company believe can grow and succeed not just within the UK however also overseas, in particular in Asian markets with which Swire Group companies recognize.
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"[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 Argent Energy's [employees](https://www.zoominfo.com/c/mission-newenergy/346542889) a mix of [qualities](https://www.pinterest.com.au/missionnewenergy/) and values that work with our own, and anticipate dealing with them to [increase Argent](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [Energy's future](https://stocktwits.com/symbol/MNEL) potential."
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Argent was developed in 2001. In 2009 it was purchased by a consortium which consisted of senior management together with Souter Investments.
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Its plant at Newarthill, near Motherwell, has the capability to produce as much as 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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