Pioneering Biodiesel Producer Argent Energy Sold
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HarlanByars4 (talk | contribs) (Created page with "<br>[https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price Pioneering] [https://www.energy-xprt.com/companies/mission-newenergy-limited-36048 biodiesel] [https://stocktwits.com/symbol/MNEL producer Argent] Energy offered<br><br><br>23 July 2013<br><br><br>Argent Energy, a leader of large-scale commercial production of [https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price biodiesel] in the UK, ha...") |
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<br>[https:// | <br>Pioneering [https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053 biodiesel] [https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html producer] [https://www.bloomberg.com/profile/company/MNELF:US Argent Energy] sold<br><br><br>23 July 2013<br><br><br>Argent Energy, a pioneer of large-scale commercial production of [https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html biodiesel] in the UK, has been [https://stocktwits.com/symbol/MNEL purchased] by a green investment business.<br> <br><br>Argent, based near Motherwell, was [https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm offered] to a [https://www.crunchbase.com/organization/mission-newenergy subsidiary] of [https://www.pinterest.com.au/missionnewenergy/ London-based John] Swire & Sons for a concealed sum.<br><br><br>Argent makes [https://www.bloomberg.com/profile/company/MNELF:US green roadway] fuel by [https://www.pinterest.com.au/missionnewenergy/ recycling wastes] and [https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price residues] such as [https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/ utilized cooking] oil and tallow from the meat industry.<br><br><br>The firm will remain in personal ownership and will continue to run [https://www.pinterest.com.au/missionnewenergy/ individually].<br><br><br>Its senior management, consisting of chairman Andy Hunter, handling director Jim Walker and monetary director Jim Boyd are to stay with the company.<br><br><br>Souter Investments, the personal investment firm of [https://pitchbook.com/profiles/company/51278-86 transport magnate] Sir Brian Souter, [https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd validated] it had actually its 37% stake in Argent.<br><br><br>[https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608 'Future] potential'<br><br><br>Mr Walker said the investment by John Swire underlined Argent's strong market position, including there was now an opportunity "to take Argent's abilities further afield".<br><br><br>[https://www.crunchbase.com/organization/mission-newenergy Barnaby] Swire, of John Swire, said his company was committed to "checking out and buying innovative and practical green markets".<br><br><br>He included: "We are pleased to be obtaining Argent Energy, a business which our company believe can grow and flourish not only within the UK however likewise overseas, in particular in Asian markets with which Swire Group business recognize.<br><br><br>"John Swire & Sons Ltd sees in Argent Energy's [https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608 employees] a mix of [https://www.zoominfo.com/c/mission-newenergy/346542889 qualities] and values that work with our own, and look [https://forest500.org/rankings/companies/mission-newenergy-limited forward] to working with them to maximise Argent Energy's future capacity."<br><br><br>Argent was developed in 2001. In 2009 it was bought by a consortium that included senior management together with Souter Investments.<br><br><br>Its plant at Newarthill, near Motherwell, has the capability to produce up to 50 million litres of [https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html biodiesel] a year.<br><br><br>Cooking oil to run buses in trial<br><br><br>4 November 2011<br><br><br>Argent Energy<br><br><br>Souter Investments<br> | ||
Latest revision as of 11:58, 18 January 2025
Pioneering biodiesel producer Argent Energy sold
23 July 2013
Argent Energy, a pioneer of large-scale commercial production of biodiesel in the UK, has been purchased by a green investment business.
Argent, based near Motherwell, was offered to a subsidiary of London-based John Swire & Sons for a concealed sum.
Argent makes green roadway fuel by recycling wastes and residues such as utilized cooking oil and tallow from the meat industry.
The firm will remain in personal ownership and will continue to run individually.
Its senior management, consisting of chairman Andy Hunter, handling director Jim Walker and monetary director Jim Boyd are to stay with the company.
Souter Investments, the personal investment firm of transport magnate Sir Brian Souter, validated it had actually its 37% stake in Argent.
'Future potential'
Mr Walker said the investment by John Swire underlined Argent's strong market position, including there was now an opportunity "to take Argent's abilities further afield".
Barnaby Swire, of John Swire, said his company was committed to "checking out and buying innovative and practical green markets".
He included: "We are pleased to be obtaining Argent Energy, a business which our company believe can grow and flourish not only within the UK however likewise overseas, in particular in Asian markets with which Swire Group business recognize.
"John Swire & Sons Ltd sees in Argent Energy's employees a mix of qualities and values that work with our own, and look forward to working with them to maximise Argent Energy's future capacity."
Argent was developed in 2001. In 2009 it was bought by a consortium that included senior management together with Souter Investments.
Its plant at Newarthill, near Motherwell, has the capability to produce up to 50 million litres of biodiesel a year.
Cooking oil to run buses in trial
4 November 2011
Argent Energy
Souter Investments