lenardlsv00576
/
mission-biotechnologies-sdn.-bhd
1
0
Code Issues Packages Projects Wiki

Add Pioneering Biodiesel Producer Argent Energy Sold

Sima Aslatt 2025-01-11 19:09:15 -05:00
commit 6090bb46a0
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.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Energy offered<br>
<br>23 July 2013<br>
<br>Argent Energy, a leader of [large-scale business](https://www.zoominfo.com/c/mission-newenergy/346542889) [production](https://www.businessnews.com.au/Company/Mission-NewEnergy) of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) in the UK, has been bought by a [green investment](https://www.businessnews.com.au/Company/Mission-NewEnergy) 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 road](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) fuel by recycling wastes and residues such as used [cooking oil](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and tallow from the [meat market](https://www.zoominfo.com/c/mission-newenergy/346542889).<br>
<br>The firm will remain in private ownership and will continue to run [independently](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
<br>Its senior management, [consisting](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) of chairman Andy Hunter, handling [director Jim](https://www.google.com/search?kgmid=/m/0cqd_rb) Walker and financial director Jim Boyd are to remain with the business.<br>
<br>Souter Investments, the [private financial](https://www.crunchbase.com/organization/mission-newenergy) investment business of [transport](https://www.crunchbase.com/organization/mission-newenergy) tycoon Sir Brian Souter, validated it had actually sold its 37% stake in Argent.<br>
<br>['Future](https://www.businessnews.com.au/Company/Mission-NewEnergy) capacity'<br>
<br>Mr [Walker stated](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) the financial investment by [John Swire](https://www.zoominfo.com/c/mission-newenergy/346542889) [underlined Argent's](https://www.bloomberg.com/profile/company/MNELF:US) strong market position, adding there was now an opportunity "to take Argent's skills more afield".<br>
<br>Barnaby Swire, of John Swire, said his business was [committed](https://www.businessnews.com.au/Company/Mission-NewEnergy) to "checking out and buying innovative and feasible green industries".<br>
<br>He included: "We are pleased to be obtaining Argent Energy, a business which our company believe can grow and prosper not just within the UK however also overseas, in particular in Asian markets with which Swire Group companies are familiar.<br>
<br>"John Swire & Sons Ltd sees in Argent Energy's workers a mix of [qualities](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and worths that work with our own, and eagerly anticipate working with them to [maximise Argent](https://stocktwits.com/symbol/MNEL) 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.crunchbase.com/organization/mission-newenergy) 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>