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Add Pioneering Biodiesel Producer Argent Energy Sold

Danny Mota 2025-01-12 20:22:40 +08:00
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<br>Pioneering [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) manufacturer Argent Energy sold<br>
<br>23 July 2013<br>
<br>Argent Energy, a leader of massive industrial [production](https://www.google.com/search?kgmid=/m/0cqd_rb) of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) in the UK, has actually been bought by a green financial investment [company](https://stocktwits.com/symbol/MNEL).<br>
<br>Argent, based near Motherwell, was [offered](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to a [subsidiary](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) of [London-based John](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) Swire & Sons for an undisclosed amount.<br>
<br>Argent makes green roadway fuel by [recycling wastes](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) and residues such as utilized cooking oil and tallow from the meat market.<br>
<br>The firm will remain in [personal ownership](https://stocktwits.com/symbol/MNEL) and will continue to run [separately](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
<br>Its senior management, consisting of [chairman Andy](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) Hunter, managing director [Jim Walker](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and [financial director](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [Jim Boyd](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) are to stay with the business.<br>
<br>Souter Investments, the personal investment business of transport tycoon Sir Brian Souter, verified it had actually offered its 37% stake in Argent.<br>
<br>'Future capacity'<br>
<br>Mr [Walker stated](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) the [investment](https://www.crunchbase.com/organization/mission-newenergy) by [John Swire](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) highlighted Argent's strong market position, including there was now a chance "to take Argent's abilities additional afield".<br>
<br>[Barnaby](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) Swire, of John Swire, said his [company](https://forest500.org/rankings/companies/mission-newenergy-limited) was to "exploring and purchasing ingenious and practical green industries".<br>
<br>He added: "We are delighted to be obtaining Argent Energy, a business which we believe can grow and succeed not only within the UK but likewise overseas, in specific in Asian markets with which Swire Group business recognize.<br>
<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://forest500.org/rankings/companies/mission-newenergy-limited) staff members a mix of characteristics and worths that are compatible with our own, and anticipate dealing with them to maximise Argent Energy's future potential."<br>
<br>Argent was established in 2001. In 2009 it was bought by a consortium which consisted of senior management together with Souter Investments.<br>
<br>Its plant at Newarthill, near Motherwell, has the capacity 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.<br>
<br>Cooking oil to run buses in trial<br>
<br>4 November 2011<br>
<br>Argent Energy<br>
<br>Souter Investments<br>