cleod252450003/mission-biofuels-sdn.-bhd
1
0
Code Issues Packages Projects Wiki

Add Pioneering Biodiesel Producer Argent Energy Sold

Colby Trenerry 2025-01-12 04:46:39 +08:00
commit 1f35d483e2
1 changed files with 19 additions and 0 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

19
Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md Normal file

@ -0,0 +1,19 @@
<br>[Pioneering biodiesel](https://www.bloomberg.com/profile/company/MNELF:US) [producer Argent](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Energy offered<br>
<br>23 July 2013<br>
<br>Argent Energy, a pioneer of massive business production of [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) in the UK, has actually been purchased by a [green investment](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) firm.<br>
<br>Argent, based near Motherwell, was offered to a subsidiary of [London-based John](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Swire & Sons for an [undisclosed](https://www.bloomberg.com/profile/company/MNELF:US) sum.<br>
<br>Argent makes green roadway fuel by [recycling wastes](https://forest500.org/rankings/companies/mission-newenergy-limited) and residues such as utilized cooking oil and tallow from the [meat market](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
<br>The firm will remain in personal ownership and will continue to run individually.<br>
<br>Its senior management, [including chairman](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Andy Hunter, handling director Jim Walker and [financial director](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Jim Boyd are to remain with the [company](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
<br>Souter Investments, the private financial investment business of transportation [magnate Sir](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Brian Souter, it had sold its 37% stake in Argent.<br>
<br>['Future](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) capacity'<br>
<br>Mr Walker said the [financial investment](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) by John Swire underlined [Argent's strong](https://www.bloomberg.com/profile/company/MNELF:US) market position, [including](https://pitchbook.com/profiles/company/51278-86) there was now a chance "to take Argent's skills further afield".<br>
<br>Barnaby Swire, of John Swire, stated his [company](https://www.crunchbase.com/organization/mission-newenergy) was committed to "checking out and purchasing innovative and practical green industries".<br>
<br>He included: "We are happy to be getting Argent Energy, a company which our company believe can grow and flourish not just within the UK but likewise overseas, in specific in Asian markets with which Swire Group business are familiar.<br>
<br>"John Swire & Sons Ltd sees in Argent Energy's employees a mix of [qualities](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and values that are suitable with our own, and look [forward](https://www.bloomberg.com/profile/company/MNELF:US) to working with them to [maximise Argent](https://pitchbook.com/profiles/company/51278-86) Energy's future capacity."<br>
<br>Argent was established in 2001. In 2009 it was bought by a consortium which included senior management along 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>