Difference between revisions of "Pioneering Biodiesel Producer Argent Energy Sold"

<br>[https://www.zoominfo.com/c/mission-newenergy/346542889 Pioneering biodiesel] [https://www.pinterest.com.au/missionnewenergy/ producer Argent] Energy offered<br><br><br>23 July 2013<br><br><br>Argent Energy, a leader of large-scale business production of [https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/ biodiesel] in the UK, has actually been purchased by a [https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/ green investment] firm.<br><br><br>Argent, based near Motherwell, was offered to a of London-based John Swire & Sons for an undisclosed sum.<br><br><br>Argent makes [https://www.zoominfo.com/c/mission-newenergy/346542889 green road] fuel by recycling wastes and [https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm residues] such as used [https://www.pinterest.com.au/missionnewenergy/ cooking oil] and tallow from the [https://www.bloomberg.com/profile/company/MNELF:US meat market].<br><br><br>The firm will remain in personal ownership and will [https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608 continue] to run [https://stocktwits.com/symbol/MNEL separately].<br><br><br>Its senior management, including chairman Andy Hunter, [https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/ managing director] [https://www.investing.com/equities/mission-newenergy-ltd-company-profile Jim Walker] and financial director Jim Boyd are to stay with the company.<br><br><br>Souter Investments, the personal investment company of [https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html transport magnate] Sir Brian Souter, [https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608 confirmed] it had actually [https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html offered] its 37% stake in Argent.<br><br><br>'Future potential'<br><br><br>Mr Walker said the [https://www.google.com/search?kgmid=/m/0cqd_rb financial investment] by John Swire [https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608 underlined] Argent's strong market position, including there was now a chance "to take Argent's skills further afield".<br><br><br>Barnaby Swire, of John Swire, said his [https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/ company] was dedicated to "exploring and buying innovative and feasible green markets".<br><br><br>He added: "We are pleased to be obtaining Argent Energy, a business which our company believe can grow and flourish not only within the UK but likewise overseas, in specific in Asian markets with which Swire Group business recognize.<br><br><br>"John Swire & Sons Ltd sees in [https://stocktwits.com/symbol/MNEL Argent Energy's] workers a mix of [https://www.pinterest.com.au/missionnewenergy/ qualities] and values that work with our own, and look 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 in addition to Souter Investments.<br><br><br>Its plant at Newarthill, near Motherwell, has the capability to produce approximately 50 million litres of [https://www.zoominfo.com/c/mission-newenergy/346542889 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>