Agro Diesel (India) Private Ltd

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  • Fundada en febrero 12, 1924
  • Sectores Tecnología
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Pioneering Biodiesel Producer Argent Energy Sold

Pioneering biodiesel manufacturer Argent Energy offered

23 July 2013

Argent Energy, a pioneer of large-scale commercial production of biodiesel in the UK, has been bought by a green investment firm.

Argent, based near Motherwell, was sold 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 used cooking oil and tallow from the meat market.

The company will remain in personal ownership and will continue to run independently.

Its senior management, consisting of chairman Andy Hunter, managing director Jim Walker and financial director Jim Boyd are to remain with the company.

Souter Investments, the personal investment firm of transportation tycoon Sir Brian Souter, confirmed it had offered its 37% stake in Argent.

‘Future capacity’

Mr Walker stated the investment by John Swire underlined Argent’s strong market position, including there was now a chance «to take Argent’s skills more afield».

Barnaby Swire, of John Swire, said his business was committed to «exploring and investing in innovative and feasible green markets».

He included: «We are pleased to be getting Argent Energy, a company which we believe can grow and flourish not only within the UK but likewise overseas, in particular in Asian markets with which Swire Group companies recognize.

«John Swire & Sons Ltd sees in Argent Energy’s staff members a mix of characteristics and values that are compatible with our own, and eagerly anticipate dealing with them to maximise Argent potential

Argent was developed in 2001. In 2009 it was bought by a consortium that included senior management in addition to Souter Investments.

Its plant at Newarthill, near Motherwell, has the capacity to produce approximately 50 million litres of biodiesel a year.

Cooking oil to run buses in trial

4 November 2011

Argent Energy

Souter Investments