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](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Energy offered<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a pioneer of [large-scale business](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [production](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) of [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) in the UK, has been bought by a [green financial](https://www.bloomberg.com/profile/company/MNELF:US) [investment business](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
+<br>Argent, based near Motherwell, was sold to a subsidiary of [London-based John](https://www.crunchbase.com/organization/mission-newenergy) Swire & Sons for an undisclosed amount.<br>
+<br>Argent makes  fuel by recycling wastes and [residues](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) such as used cooking oil and tallow from the meat market.<br>
+<br>The firm will remain in private ownership and will continue to run [separately](https://www.pinterest.com.au/missionnewenergy/).<br>
+<br>Its senior management, consisting of chairman Andy Hunter, handling director Jim Walker and [monetary director](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Jim Boyd are to remain with the business.<br>
+<br>Souter Investments, the [personal investment](https://www.pinterest.com.au/missionnewenergy/) firm of transportation magnate Sir Brian Souter, [verified](https://forest500.org/rankings/companies/mission-newenergy-limited) it had actually sold its 37% stake in Argent.<br>
+<br>'Future potential'<br>
+<br>Mr Walker said the investment by John Swire [highlighted Argent's](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [strong market](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) position, including there was now an opportunity "to take Argent's abilities additional afield".<br>
+<br>Barnaby Swire, of John Swire, said his company was [committed](https://www.bloomberg.com/profile/company/MNELF:US) to "exploring and investing in ingenious and viable green industries".<br>
+<br>He added: "We are delighted to be obtaining Argent Energy, a business which we believe can grow and succeed not just within the UK however also overseas, in particular in Asian markets with which Swire Group companies recognize.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's [employees](https://forest500.org/rankings/companies/mission-newenergy-limited) a mix of [characteristics](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and worths that work with our own, and look forward to working with them to maximise Argent [Energy's](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [future potential](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm)."<br>
+<br>Argent was established in 2001. In 2009 it was bought by a consortium that included senior management along with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capability to produce approximately 50 million litres of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) 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>