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Pioneering Biodiesel Producer Argent Energy Sold (view source)

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Created page with " Pioneering [https://www.crunchbase.com/organization/mission-newenergy biodiesel] manufacturer Argent Energy sold 23 July 2013 Argent Energy, a pionee..."

Pioneering [https://www.crunchbase.com/organization/mission-newenergy biodiesel] manufacturer Argent Energy sold 23 July 2013 Argent Energy, a pioneer of [https://pitchbook.com/profiles/company/51278-86 massive industrial] [https://stocktwits.com/symbol/MNEL production] of [https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053 biodiesel] in the UK, has actually been bought by a [https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/ green investment] firm. Argent, based near Motherwell, was sold to a subsidiary of London-based John Swire & Sons for an [https://www.businessnews.com.au/Company/Mission-NewEnergy undisclosed] sum. Argent makes [https://www.google.com/search?kgmid=/m/0cqd_rb green roadway] fuel by [https://stocktwits.com/symbol/MNEL recycling wastes] and [https://www.businessnews.com.au/Company/Mission-NewEnergy residues] such as [https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/ utilized cooking] oil and tallow from the meat industry. The company will remain in private ownership and will continue to run separately. Its senior management, [https://www.energy-xprt.com/companies/mission-newenergy-limited-36048 including chairman] Andy Hunter, managing director Jim Walker and monetary director Jim Boyd are to stay with the company. Souter Investments, the [https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/ personal financial] investment business of [https://www.crunchbase.com/organization/mission-newenergy transportation magnate] Sir Brian Souter, validated it had actually [https://www.google.com/search?kgmid=/m/0cqd_rb offered] its 37% stake in Argent. [https://www.crunchbase.com/organization/mission-newenergy 'Future] potential' Mr Walker stated the [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 financial investment] by John Swire [https://www.zoominfo.com/c/mission-newenergy/346542889 highlighted Argent's] strong market position, [https://www.pinterest.com.au/missionnewenergy/ including] there was now an opportunity "to take Argent's abilities additional afield". Barnaby Swire, of John Swire, said his business was devoted to "exploring and buying ingenious and practical green markets". He included: "We are pleased to be getting Argent Energy, a business which we believe can grow and prosper not only within the UK but also overseas, in specific in Asian markets with which Swire Group business recognize. "John Swire & Sons Ltd sees in Argent Energy's [https://www.crunchbase.com/organization/mission-newenergy workers] a mix of [https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price characteristics] and worths that work with our own, and eagerly anticipate working with them to increase future potential." Argent was developed in 2001. In 2009 it was purchased by a consortium which included senior management in addition to Souter Investments. Its plant at Newarthill, near Motherwell, has the capability to produce approximately 50 million litres of [https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm biodiesel] a year. Cooking oil to run buses in trial 4 November 2011 Argent Energy Souter Investments

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