frederickgasto/mission-newenergy-ltd
1
0
Code Issues Actions Packages Projects Wiki

Add Pioneering Biodiesel Producer Argent Energy Sold

Ezra Kinard 2025-01-12 09:12:44 +00:00
commit 8dbebef427
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.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [producer Argent](https://www.businessnews.com.au/Company/Mission-NewEnergy) Energy offered<br>
<br>23 July 2013<br>
<br>Argent Energy, a [pioneer](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) of massive industrial 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 firm.<br>
<br>Argent, based near Motherwell, was offered to a subsidiary of London-based John Swire & Sons for a concealed sum.<br>
<br>Argent makes green road fuel by [recycling wastes](https://pitchbook.com/profiles/company/51278-86) and residues such as [utilized cooking](https://www.crunchbase.com/organization/mission-newenergy) oil and tallow from the meat market.<br>
<br>The firm will remain in [personal ownership](https://www.crunchbase.com/organization/mission-newenergy) and will [continue](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to run [individually](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br>
<br>Its senior management, [including chairman](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Andy Hunter, [managing director](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) Jim Walker and [monetary director](https://www.pinterest.com.au/missionnewenergy/) [Jim Boyd](https://www.crunchbase.com/organization/mission-newenergy) are to remain with the company.<br>
<br>Souter Investments, the personal financial [investment](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) business of transport tycoon Sir Brian Souter, verified it had actually [offered](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) its 37% stake in Argent.<br>
<br>'Future potential'<br>
<br>Mr [Walker stated](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) the [investment](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) by John Swire highlighted [Argent's strong](https://www.bloomberg.com/profile/company/MNELF:US) 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 an opportunity "to take Argent's skills more afield".<br>
<br>Barnaby Swire, of John Swire, stated his company was dedicated to "checking out and purchasing innovative and feasible green markets".<br>
<br>He included: "We are pleased to be obtaining Argent Energy, a business which our company believe can grow and prosper not only within the UK but likewise overseas, in particular in Asian markets with which Swire Group companies are familiar.<br>
<br>"John Swire & Sons Ltd sees in Argent Energy's staff members a mix of [attributes](https://www.google.com/search?kgmid=/m/0cqd_rb) and values that are compatible with our own, and look forward to working with them to maximise Argent Energy's future potential."<br>
<br>Argent was developed 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://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) 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>