joshmxr441813/oleovest-pl
1
0
Code Issues Actions Packages Projects Wiki

Add Pioneering Biodiesel Producer Argent Energy Sold

Flynn Crane 2025-01-12 03:38:18 +08:00
commit 2cbcba26ac
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.zoominfo.com/c/mission-newenergy/346542889) [producer](https://www.google.com/search?kgmid=/m/0cqd_rb) Argent Energy sold<br>
<br>23 July 2013<br>
<br>Argent Energy, a pioneer of [massive business](https://www.zoominfo.com/c/mission-newenergy/346542889) 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 purchased by a [green investment](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) business.<br>
<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of London-based John Swire & Sons for a concealed sum.<br>
<br>Argent makes green road fuel by recycling wastes and residues such as used cooking oil and tallow from the meat industry.<br>
<br>The firm will remain in personal ownership and will continue to run [individually](https://pitchbook.com/profiles/company/51278-86).<br>
<br>Its senior management, consisting of [chairman Andy](https://www.bloomberg.com/profile/company/MNELF:US) Hunter, [managing director](https://www.google.com/search?kgmid=/m/0cqd_rb) Jim Walker and [monetary](https://forest500.org/rankings/companies/mission-newenergy-limited) [director Jim](https://www.google.com/search?kgmid=/m/0cqd_rb) Boyd are to stay with the [business](https://www.bloomberg.com/profile/company/MNELF:US).<br>
<br>Souter Investments, the [personal investment](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) firm of transport magnate Sir Brian Souter, confirmed it had actually [offered](https://forest500.org/rankings/companies/mission-newenergy-limited) its 37% stake in Argent.<br>
<br> capacity'<br>
<br>Mr Walker said the [financial investment](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) by John Swire [highlighted Argent's](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) strong market position, adding there was now a chance "to take Argent's abilities further afield".<br>
<br>[Barnaby](https://www.businessnews.com.au/Company/Mission-NewEnergy) Swire, of John Swire, stated his company was committed to "exploring and buying innovative and viable green industries".<br>
<br>He added: "We are happy to be acquiring Argent Energy, a company which our company believe can grow and flourish not just within the UK but also overseas, in specific in Asian markets with which Swire Group companies are familiar.<br>
<br>"John Swire & Sons Ltd sees in Argent Energy's [workers](https://forest500.org/rankings/companies/mission-newenergy-limited) a mix of attributes and worths that are compatible with our own, and [eagerly anticipate](https://forest500.org/rankings/companies/mission-newenergy-limited) working with them to increase Argent Energy's [future potential](https://www.investing.com/equities/mission-newenergy-ltd-company-profile)."<br>
<br>Argent was developed in 2001. In 2009 it was bought by a consortium that included senior management along with Souter Investments.<br>
<br>Its plant at Newarthill, near Motherwell, has the capacity to produce as much as 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>