From 2f87015d01e2238da142841622f69d35f97753a9 Mon Sep 17 00:00:00 2001 From: consueloselwyn Date: Thu, 9 Jan 2025 00:31:32 +0000 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..a13529e --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
Pioneering [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) manufacturer Argent Energy offered
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23 July 2013
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Argent Energy, a pioneer of [massive industrial](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) production of [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) in the UK, has actually been purchased 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 amount.
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Argent makes green road fuel by recycling wastes and residues such as utilized cooking oil and tallow from the meat market.
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The firm will remain in personal ownership and will continue to run separately.
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Its senior management, consisting of chairman Andy Hunter, handling director Jim Walker and financial director Jim Boyd are to remain with the company.
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Souter Investments, the personal investment firm of transport magnate Sir Brian Souter, validated it had actually [offered](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) its 37% stake in Argent.
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'Future potential'
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Mr Walker stated the investment by John Swire highlighted Argent's strong market position, adding there was now a chance "to take Argent's abilities additional afield".
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Barnaby Swire, of John Swire, said his was [committed](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to "checking out and buying innovative and viable green industries".
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He added: "We are pleased to be getting Argent Energy, a business which our company believe can grow and flourish not just within the UK but also overseas, in particular in Asian markets with which Swire Group business recognize.
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"[John Swire](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) & Sons Ltd sees in Argent Energy's workers a mix of qualities and worths that work with our own, and look forward to working with them to maximise Argent Energy's future potential."
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Argent was developed in 2001. In 2009 it was bought by a consortium that included senior management in addition to Souter Investments.
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Its plant at Newarthill, near Motherwell, has the capability to produce up to 50 million litres of [biodiesel](https://www.missionnewenergy.com/) 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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