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Multimillion-pound boost for biodiesel firm

Multimillion-pound boost for biodiesel firm
ARGENT Energy Group, a waste-to-energy biodiesel producer, has secured a £4million funding package from the Royal Bank of Scotland and a further £2.95million from the bank's asset-financing division, Lombard, to help with its development.

ARGENT Energy Group, a waste-to-energy biodiesel producer, has secured a £4million funding package from the Royal Bank of Scotland and a further £2.95million from the bank’s asset-financing division, Lombard, to help with its development.

The company is said to have pioneered the large-scale commercial production of biodiesel.

Motherwell-based Argent is described as the country’s foremost biodiesel producer specialising in producing cleaner, greener road fuel using by-products and waste – specifically tallow and used cooking oil – supplying to the likes of bus operator Stagecoach which uses biodiesel in many of its vehicles.

This new phase in Argent’s development will create about 15 jobs and take the workforce up to 75.

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