From 1665b143cc96d3ca9383aa282b818d4dfe0f2958 Mon Sep 17 00:00:00 2001 From: barbferrara370 Date: Wed, 8 Jan 2025 22:33:02 -0700 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..662740f --- /dev/null +++ b/Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md @@ -0,0 +1,19 @@ +
Pioneering [biodiesel](https://www.missionnewenergy.com/) [manufacturer Argent](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Energy offered
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23 July 2013
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Argent Energy, a leader of massive commercial production of biodiesel in the UK, has actually been purchased by a green financial investment business.
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Argent, based near Motherwell, was [offered](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to a subsidiary of London-based John Swire & Sons for an undisclosed 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, including chairman Andy Hunter, [handling director](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Jim Walker and Jim Boyd are to remain with the business.
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Souter Investments, the [personal investment](https://forest500.org/rankings/companies/mission-newenergy-limited) firm of transportation tycoon [Sir Brian](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Souter, confirmed it had actually sold its 37% stake in Argent.
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'Future potential'
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Mr Walker said the financial investment by John Swire underlined Argent's strong market position, including there was now an opportunity "to take Argent's abilities more afield".
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Barnaby Swire, of John Swire, said his business was committed to "exploring and investing in innovative and practical green industries".
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He included: "We are happy to be getting Argent Energy, a business which our company believe can grow and flourish not only within the UK however also overseas, in specific in Asian markets with which Swire Group business recognize.
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"John Swire & Sons Ltd sees in Argent Energy's employees a mix of characteristics and values that are compatible with our own, and eagerly anticipate dealing with them to maximise Argent Energy's future potential."
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Argent was established in 2001. In 2009 it was bought by a consortium which included senior management along with Souter Investments.
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Its plant at Newarthill, near Motherwell, has the capacity to produce up to 50 million litres of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) 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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