arianneg118173
/
mission-biotechnologies-sdn.-bhd
1
0
Code Issues Packages Projects Wiki

Add Pioneering Biodiesel Producer Argent Energy Sold

Reva Ansell 2025-01-12 14:51:20 +08:00
parent 950fb02aba
commit af727a7ea8
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](https://pitchbook.com/profiles/company/51278-86) [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) manufacturer Argent Energy sold<br>
<br>23 July 2013<br>
<br>Argent Energy, a pioneer of large-scale industrial production of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) in the UK, has actually been bought by a [green investment](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) firm.<br>
<br>Argent, based near Motherwell, was offered to a subsidiary of London-based John Swire & Sons for an undisclosed amount.<br>
<br>Argent makes green roadway fuel by [recycling wastes](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and [residues](https://stocktwits.com/symbol/MNEL) such as used [cooking oil](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) and tallow from the meat industry.<br>
<br>The company will remain in personal ownership and will continue to run independently.<br>
<br>Its senior management, including chairman Andy Hunter, handling director Jim Walker and [financial director](https://www.zoominfo.com/c/mission-newenergy/346542889) Jim Boyd are to remain with the [company](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
<br>Souter Investments, the personal financial investment [business](https://stocktwits.com/symbol/MNEL) of [transport magnate](https://www.zoominfo.com/c/mission-newenergy/346542889) Sir Brian Souter, [validated](https://www.google.com/search?kgmid=/m/0cqd_rb) it had [offered](https://www.google.com/search?kgmid=/m/0cqd_rb) its 37% stake in Argent.<br>
<br>'Future potential'<br>
<br>Mr Walker stated the [investment](https://forest500.org/rankings/companies/mission-newenergy-limited) by John Swire underlined [Argent's strong](https://www.businessnews.com.au/Company/Mission-NewEnergy) market position, including there was now an [opportunity](https://www.zoominfo.com/c/mission-newenergy/346542889) "to take Argent's abilities more afield".<br>
<br>[Barnaby](https://forest500.org/rankings/companies/mission-newenergy-limited) Swire, of John Swire, stated his [company](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) was to "checking out and purchasing innovative and viable green markets".<br>
<br>He included: "We are happy to be getting 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 business recognize.<br>
<br>"John Swire & Sons Ltd sees in Argent Energy's [employees](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) a mix of characteristics and worths that are compatible with our own, and [anticipate dealing](https://www.pinterest.com.au/missionnewenergy/) with them to increase Argent Energy's future potential."<br>
<br>Argent was established in 2001. In 2009 it was purchased by a consortium that included senior management along with Souter Investments.<br>
<br>Its plant at Newarthill, near Motherwell, has the capability to produce approximately 50 million litres of [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) 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>