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Add Pioneering Biodiesel Producer Argent Energy Sold

Linwood Bush 2025-01-12 01:45:00 +01:00
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Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md Normal file

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<br>[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](https://pitchbook.com/profiles/company/51278-86) Energy sold<br>
<br>23 July 2013<br>
<br>Argent Energy, a pioneer of large-scale commercial [production](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) in the UK, has actually been purchased by a green investment firm.<br>
<br>Argent, based near Motherwell, was [offered](https://www.zoominfo.com/c/mission-newenergy/346542889) to a subsidiary of London-based John Swire & Sons for a concealed amount.<br>
<br>Argent makes green road fuel by recycling wastes and residues such as [utilized cooking](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) oil and tallow from the meat market.<br>
<br>The firm will stay in private ownership and will continue to run [individually](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053).<br>
<br>Its senior management, including chairman Andy Hunter, [managing director](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Jim Walker and monetary director Jim Boyd are to stay with the business.<br>
<br>Souter Investments, the private investment firm of Sir Brian Souter, [verified](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) it had [offered](https://www.crunchbase.com/organization/mission-newenergy) its 37% stake in Argent.<br>
<br>['Future](https://www.crunchbase.com/organization/mission-newenergy) potential'<br>
<br>Mr Walker stated the investment by John Swire [underlined](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [Argent's strong](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) market position, adding there was now an [opportunity](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) "to take Argent's abilities additional afield".<br>
<br>[Barnaby](https://www.google.com/search?kgmid=/m/0cqd_rb) Swire, of John Swire, said his business was dedicated to "exploring and investing in innovative and viable green industries".<br>
<br>He included: "We are thrilled to be getting Argent Energy, a company which we believe can grow and flourish not only within the UK but likewise overseas, in specific in Asian markets with which Swire Group business recognize.<br>
<br>"[John Swire](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) & Sons Ltd sees in [Argent Energy's](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [employees](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) a mix of [characteristics](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and worths that work with our own, and look forward to working with them to increase Argent [Energy's future](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) capacity."<br>
<br>Argent was established in 2001. In 2009 it was purchased by a consortium that included senior management together with Souter Investments.<br>
<br>Its plant at Newarthill, near Motherwell, has the capability to produce approximately 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>