commit 848b9c2cda10c9f7d5585fb4ec85d44c0875fdec Author: finleyabney02 Date: Sat Jan 11 11:05:27 2025 -0700 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..a2a26d4 --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
[Pioneering](https://www.bloomberg.com/profile/company/MNELF:US) [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) producer Argent Energy offered
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23 July 2013
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Argent Energy, a pioneer of [large-scale commercial](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [production](https://stocktwits.com/symbol/MNEL) of [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) in the UK, has been bought by a [green financial](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [investment business](https://forest500.org/rankings/companies/mission-newenergy-limited).
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Argent, based near Motherwell, was sold to a subsidiary of London-based John Swire & Sons for an [undisclosed](https://www.google.com/search?kgmid=/m/0cqd_rb) sum.
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Argent makes green roadway fuel by and residues such as used [cooking oil](https://pitchbook.com/profiles/company/51278-86) and tallow from the meat industry.
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The company will remain in personal ownership and will continue to run independently.
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Its senior management, including chairman Andy Hunter, managing director Jim Walker and [monetary director](https://pitchbook.com/profiles/company/51278-86) Jim Boyd are to stay with the [company](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).
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Souter Investments, the personal financial investment company of transportation tycoon Sir Brian Souter, confirmed it had [offered](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) its 37% stake in Argent.
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['Future](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) potential'
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Mr [Walker stated](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) the investment by John Swire highlighted Argent's strong market position, [including](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) there was now a chance "to take Argent's skills further afield".
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[Barnaby](https://forest500.org/rankings/companies/mission-newenergy-limited) Swire, of John Swire, stated his [company](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) was devoted to "exploring and purchasing innovative and viable green markets".
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He included: "We are thrilled to be acquiring Argent Energy, a company which we believe can grow and flourish not just within the UK however also overseas, in particular in Asian markets with which Swire Group business are familiar.
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"[John Swire](https://stocktwits.com/symbol/MNEL) & Sons Ltd sees in Argent Energy's employees a mix of qualities and values that are suitable with our own, and look forward to dealing with them to increase Argent [Energy's future](https://www.bloomberg.com/profile/company/MNELF:US) [potential](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)."
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Argent was established in 2001. In 2009 it was bought by a consortium which included senior management in addition to 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](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) 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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