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.

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 Europe.

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 current political and legislative environment will create additional demand for biodiesel thereby strengthening the biodiesel industry in Europe.