commit a74174efa850cfc0ed1d3a61bfc6008417d10f5e Author: lynloomis12740 Date: Thu Jan 9 09:34:02 2025 +0800 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..1a6194f --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
Pioneering [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) manufacturer Argent Energy offered
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23 July 2013
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Argent Energy, a leader of large-scale industrial production of biodiesel in the UK, has been bought by a green investment firm.
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Argent, based near Motherwell, was offered to a subsidiary of London-based John Swire & Sons for a concealed sum.
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Argent makes green road fuel by recycling wastes and residues such as utilized cooking oil and tallow from the meat industry.
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The company will remain in private ownership and will [continue](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to run [independently](https://www.bloomberg.com/profile/company/MNELF:US).
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Its senior management, consisting of chairman Andy Hunter, [managing director](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Jim Walker and monetary director Jim Boyd are to stay with the company.
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Souter Investments, the company of transportation tycoon Sir Brian Souter, [confirmed](https://pitchbook.com/profiles/company/51278-86) it had sold its 37% stake in Argent.
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['Future](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) potential'
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Mr Walker said the financial investment by John Swire highlighted Argent's strong market position, including there was now an opportunity "to take Argent's abilities further afield".
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Barnaby Swire, of John Swire, stated his business was dedicated to "checking out and buying innovative and feasible green industries".
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He included: "We are happy to be obtaining Argent Energy, a business which we think can grow and succeed not only within the UK however likewise overseas, in specific in Asian markets with which Swire Group companies are familiar.
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"John Swire & Sons Ltd sees in Argent Energy's [workers](https://www.pinterest.com.au/missionnewenergy/) a mix of qualities and worths that are suitable with our own, and look forward to dealing with them to increase Argent Energy's future capacity."
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Argent was developed in 2001. In 2009 it was purchased by a consortium that included senior management along 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 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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