From 2b08276ab1fef05bbdce192f786c1eb462c6a95e Mon Sep 17 00:00:00 2001 From: Forrest Mercer Date: Sun, 12 Jan 2025 05:57:17 +0800 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..553e0fb --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
Pioneering [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) manufacturer Argent Energy sold
+
23 July 2013
+
Argent Energy, a [pioneer](https://www.pinterest.com.au/missionnewenergy/) of large-scale business [production](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of [biodiesel](https://stocktwits.com/symbol/MNEL) in the UK, has actually been bought by a [green investment](https://stocktwits.com/symbol/MNEL) firm.
+
Argent, based near Motherwell, was sold to a [subsidiary](https://www.businessnews.com.au/Company/Mission-NewEnergy) of [London-based John](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Swire & Sons for an undisclosed amount.
+
Argent makes [green road](https://www.businessnews.com.au/Company/Mission-NewEnergy) fuel by recycling wastes and [residues](https://stocktwits.com/symbol/MNEL) such as used cooking oil and tallow from the meat industry.
+
The company will remain in private ownership and will continue to run individually.
+
Its senior management, including chairman Andy Hunter, handling director Jim Walker and monetary [director Jim](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Boyd are to remain with the [business](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).
+
Souter Investments, the private investment firm of [transport magnate](https://www.businessnews.com.au/Company/Mission-NewEnergy) [Sir Brian](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Souter, [validated](https://forest500.org/rankings/companies/mission-newenergy-limited) it had actually sold its 37% stake in Argent.
+
['Future](https://www.pinterest.com.au/missionnewenergy/) capacity'
+
Mr Walker said the financial investment by [John Swire](https://www.google.com/search?kgmid=/m/0cqd_rb) highlighted Argent's strong market position, adding there was now an [opportunity](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) "to take Argent's skills additional afield".
+
[Barnaby](https://pitchbook.com/profiles/company/51278-86) Swire, of John Swire, said his business was dedicated to "checking out and investing in innovative and viable green markets".
+
He included: "We are happy to be acquiring Argent Energy, a company which our company believe can grow and prosper not only within the UK however likewise overseas, in specific in Asian markets with which Swire Group business are familiar.
+
" & Sons Ltd sees in [Argent Energy's](https://pitchbook.com/profiles/company/51278-86) staff members a mix of characteristics and worths that work with our own, and look forward to working with them to maximise Argent Energy's future [capacity](https://www.bloomberg.com/profile/company/MNELF:US)."
+
Argent was developed 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 approximately 50 million litres of [biodiesel](https://www.pinterest.com.au/missionnewenergy/) a year.
+
Cooking oil to run buses in trial
+
4 November 2011
+
Argent Energy
+
Souter Investments
\ No newline at end of file