Argent Energy (UK) Limited is owned by Argent Energy plc.
Company Profile
Argent Energy is a waste-to-energy business operating a multi-feedstock biodiesel plant near Motherwell in Scotland. The plant currently utilises tallow (animal fat) and used cooking oil (UCO) as feedstocks and has a name-plate production capacity of 45,000 tonnes (in excess of 50 million litres) of biodiesel per annum. Biodiesel is a renewable, cleaner-burning fuel that can be synthesised from an array of oil-based materials including tallow, UCO and vegetable oil through a process known as transesterification. It is a non-toxic, biodegradable fuel that can be used as a pure transportation fuel or can be blended with mineral diesel to create a diesel blend that can be used in normal mineral diesel engines. In comparison to mineral diesel, biodiesel can deliver benefits to both the environment and to vehicle engines where it acts as a lubricant.
The Group commenced production in March 2005 and was the first large scale producer of biodiesel in the UK. The Motherwell plant is currently producing a weekly average of at least 875 tonnes (approximately 1 million litres), representing over 90 per cent of the plant’s weekly name-plate production capacity.
Group Strategy
Argent Energy’s objective is to be a leading waste-to-energy biodiesel producer. The Group’s strategy seeks to achieve this through investment in feedstock sourcing and increasing biodiesel production capacity both in the UK and internationally.
The Directors believe that Argent Energy’s achievement of this objective should be facilitated by:
- the development of a growing biodiesel industry in the UK and internationally; and,
- expansion into new markets, such as New Zealand , of which the Directors already have some experience and where there is a favourable political and legislative environment developing.
The Directors intend to raise the profile of Argent Energy and its product in the market place with both potential customers and key stakeholders. The Directors believe that the favourable current political and legislative environment will create additional demand for biodiesel thereby strengthening the biodiesel industry in the UK.
In view of the Group’s key strengths set out above, the Directors believe that the Group is well positioned to grow, both in the UK and internationally, in order to capitalise on the opportunities presented by the expected increase in demand for biodiesel in these markets. However, the Directors will only commit to major capital expenditure in those countries where there is evidence of growth.
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Argent Energy (UK) Limited
236-240 Biggar Road
Newarthill
Motherwell
ML1 5FA |
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Argent Energy plc
5th Floor
Hatton Street
London
NW8 8PL
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T: 01698 863000
F: 01698 863001
info@argentenergy.com
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T: 020 7723 5458
F: 0207 7724 8950
info@argentenergy.com |
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Registered Company
Argent Energy (UK) Limited
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Registered Company
Argent Energy plc
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Registered Office
236-240 Biggar Road
Newarthill
Motherwell
ML1 5FA |
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Registered Office
5th Floor
9 Hatton Street
London
NW8 8PL |
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Registered No
SC220609 |
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Registered No
05813970 |
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