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 sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of massive business production of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) in the UK, has been bought by a green investment [company](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br>
+<br>Argent, based near Motherwell, was offered to a [subsidiary](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of [London-based John](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Swire & Sons for a concealed amount.<br>
+<br>Argent makes green road fuel by [recycling wastes](https://www.businessnews.com.au/Company/Mission-NewEnergy) and residues such as [utilized cooking](https://www.bloomberg.com/profile/company/MNELF:US) oil and tallow from the [meat industry](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053).<br>
+<br>The firm will remain in private ownership and will continue to run individually.<br>
+<br>Its senior management, [including chairman](https://forest500.org/rankings/companies/mission-newenergy-limited) Andy Hunter, handling director [Jim Walker](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and monetary director [Jim Boyd](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) are to remain with the business.<br>
+<br>Souter Investments, the private investment firm of [transport tycoon](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Sir Brian Souter, validated it had actually sold its 37% stake in Argent.<br>
+<br>['Future](https://www.crunchbase.com/organization/mission-newenergy) potential'<br>
+<br>Mr Walker said the investment by John Swire [underlined Argent's](https://pitchbook.com/profiles/company/51278-86) strong market position, adding there was now an [opportunity](https://forest500.org/rankings/companies/mission-newenergy-limited) "to take Argent's skills further afield".<br>
+<br>[Barnaby](https://www.crunchbase.com/organization/mission-newenergy) Swire, of John Swire, stated his business was [committed](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to "exploring and purchasing ingenious and viable green markets".<br>
+<br>He added: "We are thrilled to be getting Argent Energy, a business which we believe can grow and flourish not only within the UK but also overseas, in particular in Asian markets with which Swire Group companies are familiar.<br>
+<br>"John Swire & Sons Ltd sees in Argent Energy's  a mix of [attributes](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and worths that are compatible with our own, and anticipate working with them to [increase Argent](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Energy's future [capacity](https://www.google.com/search?kgmid=/m/0cqd_rb)."<br>
+<br>Argent was developed in 2001. In 2009 it was purchased by a consortium which consisted of 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>