Add Pioneering Biodiesel Producer Argent Energy Sold

Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md

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+<br>Pioneering [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) manufacturer Argent Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a [pioneer](https://www.crunchbase.com/organization/mission-newenergy) of [massive industrial](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [production](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) in the UK, has been bought by a [green investment](https://www.bloomberg.com/profile/company/MNELF:US) firm.<br>
+<br>Argent, based near Motherwell, was sold to a [subsidiary](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) of [London-based John](https://www.pinterest.com.au/missionnewenergy/) Swire & Sons for an [undisclosed](https://www.zoominfo.com/c/mission-newenergy/346542889) amount.<br>
+<br>Argent makes green road fuel by  and residues such as utilized cooking oil and tallow from the meat market.<br>
+<br>The firm will remain in [private ownership](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and will continue to run individually.<br>
+<br>Its senior management, including chairman Andy Hunter, managing director Jim Walker and financial director [Jim Boyd](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) are to stay with the [company](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
+<br>Souter Investments, the [personal investment](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) firm of [transport magnate](https://www.bloomberg.com/profile/company/MNELF:US) Sir Brian Souter, verified it had offered its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr [Walker stated](https://forest500.org/rankings/companies/mission-newenergy-limited) the financial investment by John Swire [highlighted Argent's](https://forest500.org/rankings/companies/mission-newenergy-limited) strong market position, adding there was now a chance "to take Argent's abilities more afield".<br>
+<br>Barnaby Swire, of John Swire, said his business was [dedicated](https://www.zoominfo.com/c/mission-newenergy/346542889) to "exploring and investing in ingenious and viable green industries".<br>
+<br>He included: "We are delighted to be getting Argent Energy, a company which our company believe can grow and prosper not only within the UK however also overseas, in specific in Asian markets with which Swire Group business are familiar.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's staff members a mix of [attributes](https://www.crunchbase.com/organization/mission-newenergy) and worths that work with our own, and anticipate dealing with them to increase [Argent Energy's](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [future potential](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd)."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium which included senior management along with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce up to 50 million litres of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) a year.<br>
+<br>Cooking oil to run buses in trial<br>
+<br>4 November 2011<br>
+<br>Argent Energy<br>
+<br>Souter Investments<br>