Add Pioneering Biodiesel Producer Argent Energy Sold

Antwan Delaney 2025-01-18 15:25:51 +08:00
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<br>[Pioneering](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) manufacturer [Argent Energy](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) offered<br>
<br>23 July 2013<br>
<br>Argent Energy, a pioneer of massive business production of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) in the UK, has actually been bought by a green investment firm.<br>
<br>Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Swire & Sons for a concealed sum.<br>
<br>Argent makes [green road](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) fuel by recycling wastes and [residues](https://www.zoominfo.com/c/mission-newenergy/346542889) such as utilized cooking oil and tallow from the meat industry.<br>
<br>The firm will remain in personal ownership and will continue to run separately.<br>
<br>Its senior management, consisting of [chairman Andy](https://pitchbook.com/profiles/company/51278-86) Hunter, [handling director](https://www.zoominfo.com/c/mission-newenergy/346542889) Jim Walker and monetary [director Jim](https://stocktwits.com/symbol/MNEL) Boyd are to stay with the [company](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
<br>Souter Investments, the private financial investment business of transport magnate [Sir Brian](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Souter, [confirmed](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) it had its 37% stake in Argent.<br>
<br>['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'<br>
<br>Mr Walker stated the investment by John Swire [highlighted Argent's](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [strong market](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) position, adding there was now a chance "to take Argent's abilities more afield".<br>
<br>[Barnaby](https://pitchbook.com/profiles/company/51278-86) Swire, of John Swire, stated his company was committed to "exploring and buying ingenious and practical green industries".<br>
<br>He included: "We are delighted to be obtaining Argent Energy, a company which our company believe can grow and prosper not only within the UK but likewise overseas, in specific in Asian markets with which Swire Group business are familiar.<br>
<br>"John Swire & Sons Ltd sees in [Argent Energy's](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) staff members a mix of [attributes](https://stocktwits.com/symbol/MNEL) and worths that work with our own, and anticipate working with them to [increase Argent](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) Energy's future capacity."<br>
<br>Argent was established in 2001. In 2009 it was purchased by a consortium which consisted of senior management together with Souter Investments.<br>
<br>Its plant at Newarthill, near Motherwell, has the capacity to produce approximately 50 million litres of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) 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>