Global group acquires Scottish biodiesel producer Argent Energy
July 23, 2013
BY Ron Kotrba
John Swire & Sons (Green Investments) Ltd. has acquired Scottish biodiesel producer Argent Energy.
Argent Energy says it pioneered large-scale commercial biodiesel production in the U.K. when it started production at its state-of-the-art plant, designed and built by Austria-based BDI-BioEnergy International, near Motherwell, Scotland, in 2005. The award-winning firm makes its biodiesel from used cooking oil, tallow and sewer grease.
The acquisition for an undisclosed sum sees the firm remain in private ownership, according to Argent Energy, and it will continue to operate independently. It employs 70 people.
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The new ownership will allow Argent Energy to consider replicating its successful business elsewhere.
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